UNICON INVESTMENT SOLUTIONS

Supreme Infrastructure India Ltd - Stock Idea

2011-09-15T13:04:00.001+05:30

Supreme Infrastructure India Ltd (SIIL)

Supreme Infrastructure India Ltd. (SIIL) has gained its reputation as fastest growing construction companies in India with proven track record in project execution in Road, Real-estate and allied infrastructure segments. Initially started as roads and buildings contractors, SIIL now has successfully diversified its service offering into power, irrigation, railways and sewerage. SIIL projects are scattered across states. Quality asset book, superior return on capital with low valuation offers good opportunity for investor to buy at current level for potential upside of 24%.

ü Robust and diversified order book to sustain growth momentum

ü Sustainable higher operating profit margin due to backward integration

ü Moving up in value chain

Valuation and Outlook

Diversified skill sets with proven execution track record and superior operating profit margins enable SIIL to go aggressively to secure new contracts to maintain its growth momentum.

With RoE of 22% and RoCE of 18.5% in FY13e, stock currently trades at 4x our earning estimates for FY13e, EV/Sales of 0.7x and EV/EBITDA of 4.5x. Revenue and net profit after tax are expected to grow at CAGR of 21% and 12% respectively over FY13. We set price objective of INR 280 (exit PE of 5x its FY13e earning per share of INR 55.4).

Unicon's Recommendation

Keeping its high growth potential and robust fundamentals, you should buy the stock.

For the full report, click here.

(Subject to Disclaimer at www.unicon.in)

Gross Domestic Product – Q1FY12 Update

2011-08-30T18:09:00.000+05:30

Dear investors,

India

's economy grew at its slowest pace during the April-June quarter, as rising interest rates crimped the consumption and investment demand in economy. The slower performance in mining and quarrying, manufacturing and construction sector led to deceleration in the GDP growth to 7.7% from 7.8% in Q4FY11 & 9.3% in Q1FY11...

Click on the link for all the details.

Outlook on TATA Steel

2011-08-22T11:12:00.000+05:30

TATA Steel Ltd - Q1FY12 Result Highlights

TATA Steel Ltd (TATA) reported its first quarter consolidated results for FY12 and has registered a net sales growth of 21.6% YoY to INR 328,399 mn which was ~9% above our estimates.

Outlook and Valuations

At CMP the stock is available at EV/EBITDA of 4.8x its FY13e and PE multiple of 6x of its FY13e earnings. Considering the expansion plan and the demand scenario, we believe that the company has potential for improved performance. We recommend BUY on the stock and maintain our price target of INR 690.

Click here for the full Q1FY12 report.

HSIL Ltd. – Q1FY12 Result Update

2011-07-28T10:45:00.000+05:30

HSIL announced its Q1FY12 results and reported a very strong performance. Its revenues increased to INR 3280 mn, an increase of 41.5% as compared to Q1FY11. The EBITDA posted by the company was INR 627 mn, an increase of 55.5% YoY. EBIDTA margins increased by 180 basis points to 20.4%

The Profit before Tax (PBT) increased to INR 417 mn, a rise of 130% as compared to the first quarter of the previous financial year. The Profit after Tax (PAT) showed a robust growth of 111% to INR 285 mn. The PAT margins increased substantially by 309 basis points to 9.36% Cash profits showed strong growth of 32% to INR 410 mn.

Outlook and Valuations

At current market price of INR 219, the stock is trading at a P/E of 10.5x for FY12 estimated earnings. Looking at the robust performance by the company in the first quarter and given the expansion plans in place and management capabilities to drive the business, we re-rate and recommend a “BUY” on the stock with a price target of INR265.

(Subject to Disclaimer at www.unicon.in)

Click here for the full report.

YES Bank - Q1FY12 Result Update

2011-07-23T10:02:00.001+05:30

Following are some highlights of the first quarter result of Yes Bank

Ø YES Bank (YES) delivered another strong quarter, with net profits increasing by 38.2% to INR 2163 Mn on YoY basis. This was contributed by higher net interest income (NII) of INR 3.5 bn (35% YoY) & non interest income grew by 15% to INR 1.65 Bn on YoY basis. Growth in the non interest income was led by transaction banking (INR 420 Mn), financial advisory (INR 829 Mn), financial markets (INR 247 Mn) and branch banking fees & others (INR 157 Mn).

Ø The major highlights were deposits registered a healthy growth of 44.1% along with advances growing by 26.1% on YoY basis. Current and Savings Account (CASA) deposits grew by 49.8% to INR 47.64 bn taking the CASA ratio to 10.9% Q1FY12 from 10.3% in Q4FY11.

Outlook & Valuation

YES Bank has been able to register strong business growth, profitability with stable margins & strong asset quality. Additionally the bank is expanding ~125 branches every year, which would help to improve its CASA ratio to 15% in FY12E. We remain positive on long term prospects of the bank. At the CMP stock trades at 1.9x of its FY12E Book Value.

We maintain BUY rating on the stock for target price of INR 420.

Click here for the full report.

2011-07-11T11:51:00.002+05:30

Q1FY12 Result of IndusInd Bank

Few Highlights

Ø Indusind Bank (IIB) net profit grew by 52% YoY to INR 1802 Mn mainly driven by robust core fee income growth of 44% YoY. The proportion of core fee income increased due to increase in its third party products, trade and remittances, foreign exchange and Investment banking income. IIB’s net interest income has grown by 32% to INR 3900 Mn as compared to INR 2957 Mn in Q1FY11 & other income increased by 34% YoY to INR 2154 Mn.

Ø Advances grew 31.3% YoY to INR 283.8 Bn & deposits grew by 28.7% to INR 352.6 Bn. This was stronger than the industry’s growth rate of ~20% & ~17% respectively. Improvement in deposit mix along with branch expansion (326 from 224 branches) led to higher CASA ratio of 28.2% in Q1FY12 (24.3% in Q1FY11). Reported NIM improved 9 bps YoY to 3.41%, however, on sequential basis it declined 9 bps due to sharp rise in the cost of deposits (68 bps QoQ) while yield on advances increased by 68 bps.

Ø IIB continued to improve its asset quality and has brought down the net NPA level to 0.3% in Q1FY12 from 0.38% in Q1FY11. Gross NPA ratio fell to 1.08% in Q1FY12 from 1.26% in Q1FY11, but it increased sequentially by 7 bps and 2 bps. The NPA coverage ratio rose 288 bps YoY to 72.9%. Also the IIB maintained a healthy capital adequacy ratio (CAR) of 14.99% in Q1FY12 as against 13.71% in Q1FY11. The strong traction in CAR is likely to sustain IIB’s growth momentum in coming quarters.

Outlook & Valuation

Going forward IIB in next 3 years is planning to keep NIMs above 3.5% along with healthy bottom-line, this would be possible through 1. scaling up CASA ratio to 35% with 200 bps to 300 bps improvement every year. 2. Bank plans to take the branch network to 550 by Mar ’13. 3. Bank is expected to expand its product suite and services to achieve higher business growth. At the CMP, stock trades at 3x FY12E BV, we have Accumulate rating on the stock with target price of INR 320.

Click here for the full report.

2011-07-01T11:43:00.001+05:30

Tecpro Systems Ltd - Stock Idea

Tecpro Systems Ltd. (TSL) is an established material handling company with presence in the coal handling (19% market share) and ash handling (15% market share) for power, steel, cement and other sectors. TSL has recently forayed into BoP segment and has secured two orders worth INR 29.7bn (68% of its current order-book). We believe TSL would be key beneficiary, given its leadership position in material / ash handling business and strong growth in underlying industry. With revenue and profit expected to grow at CAGR of 25% and 18% respectively over FY13, recommend Buy on the stock for price target of INR 300 (+25%).

Investment Rationale

Ø Strong positive outlook for core infrastructure industry, directly linked, augurs well for the business prospects of TSL

Ø Established player (executed highest orders for coal handling during eleventh five year plan) in ash and material handling segment and foray into BoP segment (synchronization and diversification) would lead to growth with diversification

Ø Having secured orders in Waste heat recovery (WHR) from Cement Industry, order intake momentum in this segment is likely continue

Ø Strong technical expertise (in-house and through collaborations) enables TSL to offer its product and services on turnkey basis within a stipulated time at competitive rates

Ø Clientele with strong base mitigates risk of project deferment or cancellation

Ø Revenue visibility over FY13e on the back of strong order-book of INR 43.7bn (2.2x FY11 sales)

Outlook & Valuation

At the CMP, TSL trades at 6.6x our FY13e earnings estimate, EV/Sales of 0.4x and EV/EBITDA of 3.4x (FY13e). We expect company to generate RoE of 22.1% in FY13e . Given 18% CAGR growth of its net profit over FY13 and RoCE of 27%, we set price objective of INR 300 (exit PE of 8x its FY13e earning per share of INR 37.7).

Click on the link for the full report

Are Your Aware of the Power of SIPs?

2011-06-21T13:07:00.002+05:30

We all have heard of the saying “Little drops of water make the mighty ocean”. Just like little drops of water can make the mighty ocean in the long run, a Systematic Investment Plan (SIP) makes you reach your long term investment goals conveniently. SIP is a simple yet a powerful tool used by investors worldwide as a method for savings and wealth accumulation. Investing through the SIP facility empowers you to plan and save for your future by inculcating in you the discipline of investing regularly.

In order to invest in a mutual fund via SIP, a pre-decided amount of money is debited from an investor's bank account, by way of post-dated cheques or ECS mandate, for the purchase of units of a desired mutual fund scheme. An investor has the flexibility of purchasing mutual funds units on a quarterly, monthly, weekly or daily basis, hence helping one to build wealth in the long run.

SIP investment is very advantageous. Investing a hefty sum at one go is not a feasible option for most of the people, but investing small amounts of money at regular durations is not a bad idea for anyone. This also lets the compounding principle work on it. For instance, if Mr. X invests Rs. 1200000 lumpsum for 10 years and Mr. Y invests Rs. 5000 by way of SIP for 20 years, and if the rate of return is 15% p.a., then Mr. Y will earn Rs. 2600000 more than Mr. X.

Another principle working on it is that of rupee cost averaging that is an automatic market timing mechanism. Rupee cost averaging enables an inevstor to purchase more number of units when they are low-priced and buy lesser number of units when they are high-priced. This proves quite beneficial later on.

SIP also enable the mutual fund investors to benefit from diversification. Mutual funds returns are variable and are affected by numerous market risks. Diversification helps in lowering the overall affect on a portfolio's return.

So go ahead and start taking small steps. You will definitely reach your long term objectives.

Highlights of the Credit Policy 2011

2011-05-03T14:14:00.000+05:30

The highlights of the Credit Policy announced today are as follows:

Repo rate is increased by 50 basis points to become 7.25% from 6.75%.
Reverse repo, which no longer be an independent variable, is increased to 6.25%.
Cash Reserve Ratio (CRR) remains unchanged at 6%
Savings bank deposit interest rate increased from 3.5% to 4%.
Interest rate cap on MFI loans fixed at 26%. RBI will be appointing a committee for reviewing priority sector lending.

Following are the expectations of the RBI:

GDP for FY12 is expected to range between 7.4% to 8.5%, with 90% probability.
Inflation is expected to remain high for the initial half of this fiscal year, after which it is anticipated to cool down to 6%.

The monetary policy was based on the following three factors:

Global commodity prices, which surged in the recent months, are expected to remain more or less stable, with chances of increasing over the course of the fiscal. This has led to the belief that inflation will remain high or even go higher.
Core and headline inflation have considerably overshot even the most conservative projections made in the last few months, again hinting toward high inflation.
In contrast, the expected moderation in demand would induce reduction in pricing power as well as the scope of 'pass-through' of commodity prices.

Invest in Gold on Akshay Tritiya!! Call 1800 3000 200

2011-04-29T17:48:00.002+05:30

Traditionally, people in our country have a natural flair for investment in gold. This liking for gold peaks during the Akshay Tritiya celebration. Akshay Tritiya is falling on 6th May 2011 that is bound to attract large number of people to make investment in gold this year also.

To join the celebrations, Bench Mark Mutual Fund has come up with India's first Gold ETF (Exchange-Traded Fund). Unicon has joined Bench Mark in order to make more and more individuals realize in the importance and invest in this NFO (New Fund Offer).

This instrument gives them an opportunity to buy gold without the need of possessing gold in physial form. This ETF will give you an option of easily purchasing and selling the instrument whose underlying is gold price.

The scheme is valid till 11th May 2011 only. So Hurry!! Call 1800 3000 200 for all the details NOW.

RBI policy meet on May 3rd - An Update

2011-04-27T14:27:00.001+05:30

Consensus estimates are of a hike in repo and reverse repo to the tune of 25 bps and CRR to be maintained at the same rate.

On the other hand, market rumors are of a 50 bps hike in repo and reverse repo. This could bring in short term weakness in interest rate sensitive stocks. For the current year despite higher inflation, consumption story has remained intact and we have not seen any significant slowdown. However incremental rise in inflation could hurt and that could affect interest rate sensitive stocks.

RBI has maintained its hawkish stance on inflation and overall we have seen structural inflation climb higher.

Also there is expectation that post the state elections we could see government increasing petrol and diesel prices. This will further add to the inflation and thus hawkish stance by RBI is expected to be maintained in the short term to keep a lid on inflation. Overall expectation of some correction in crude combined with the prospect of some relief in terms of diesel price and petrol price rise could bring some contra rally in oil refining psu stocks.

(Subject to disclaimer at www.unicon.in)

Who will be Narayan Murthy's Successor

2011-04-25T17:42:00.001+05:30

Narayan Murthy, Chairman of Infosys Technologies Ltd., is on a look out for someone who can succesfully take the legacy forward once he retires this August. The decision of choosing a new mentor was taken at a board meeting that was held for finalizing the 2010-11 financial results of Infosys, including the fourth quarter. It has been decided in the meeting that the successor would be decided upon in their next board meeting to be held on 30 April 2011.

According to an IT bellwether, the upcoming board meeting would have a major role in the finalization of the succession plan.

In addition, T. V. Mohandas Pai, one of the Infosys board members, and K. Dinesh, co-founder and another board member, have also resigned from their positions.

The company has appointed Ravi Venkatesan, former chairman of Microsoft India, as an additional director on its board.

2G Scam - Tata Calls Himself a 'Victim'

2011-04-06T16:00:00.002+05:30

Niira Radia, Vaishnavi Communications head, and Ratan Tata, chairman of Tata Sons, have denied charges of manupulating government policy as well as of influence-peddling when they appeared before the Parliament's Public Accounts Committee (PAC) for the 2G spectrum scam probe. On the contrary, Ratan Tata claimed that his company has been victimized by this government policy. according to him, the company had to keep waiting for about 85 days for getting GSM licence, while the other three companies had already licences, thanks to the first-come-first-serve policy.

CEO of S-Tel Shamik Das, chairman of Reliance Communications Anil Ambani, managing director of Unitech Wireless Sigve Brekke, and Atul Jhamb, CEO of Etisalat DB Telecom, would also be appearing before PAC this week.

Just to rewind, taped conversations between Radia and Tata as well as with various journalists, corporate heads and bureaucrats regarding were leaked couple of months ago. Ratan Tata, who has been co-operative all through out the probe unlike Radia, has accepted that the voice in the leaked tape in indeed his. Questions regarding the INR1,600 crore payment to Unitech were also raised during the probe. Tata claimed the money to be a soft loan.

However, Radia said that the tapes were partially true and tehy contain conversations that are out of context. Radia was found to urge journalists and others to influence some others for appointing certain persons as ministers, apart from trying to make a deal between the family of M Karunanidhi, DMK chief, and conetnders of 2G licences.

Corporates Paying More Advance Tax Than Before

2011-03-16T13:05:00.002+05:30

Numerous major corporates have given more advance tax in the fourth quarter of 2011 financial year, when compared to the previous year, thus, indicating a positivity in their financial performances. For information sake, advance tax payment is considered as a barometer of corporate performance as such payments are made according to the profit anticipations.

Among the Indian hotshots, both Reliance Industries and Tata Steel have paid about INR1,054 crore and INR 987 crore, respectively, as advance tax this quarter. In the fourth quarter of 2010 fiscal, both the companies had paid INR770 crore and INR513 crore, respectively. An engineering and construction major, L&T, has paid about INR300 crore as advance tax in the fourth quarter this year as against INR270 crore in the last year.
In the automotive sector, Bajaj Auto paid INR250 crore as compared to INR175 crore in the previous fiscal, while M&M shelled out INR307 crore as compared to INR226 crore in the previous year.

However in the FMCG sectors, two major players Hindustan Unilever Limited and Tata Motors have paid less. While HUL shelled out INR150 crore as against INR170 crore in the last year, Tata Motors paid only INR50 crore as compared to INR115 crore in the last fiscal.

As far as Banking sector is concerned, the private banks like HDFC Bank and ICICI Bank also paid higher advance tax this time. While HDFC Bank paid INR540 crore as compared to the last fiscal's INR300 crore, ICICI Bank paid INR475 crore as against INR350 crore .

Even the major Public sector life insurance company, LIC, shelled out INR931 crore as compared to INR864 crore in the previous fiscal. Hindalco paid INR160 crore as against INR110 crore in the previous year, while MRPL paid INR296 crore as against INR180 crore.

What the Union Budget is Expected to Be Like?

2011-02-17T13:00:00.000+05:30

The domestic markets bucked the trend that was being witnessed by the international markets and reacted negatively during this phase. In the last six months, market have been gyrating and experiencing extreme volatility, losing almost 15% since November after reaching a 52-weel high. This has been a conscequence of several factors. The commencement of high interest rate regime for combating inflation and buoyant commodity and crude prices acted as serious detriments. On top of this, political uncertanity spoilt the market enviroment further.

As a result of all this, the emphasis in the upcoming Union Budget is expected to be on maintenance and even acceleration of growth and employment rate. The ensuing budget is anticiapted to take note of the current scenario and announce policies and reforms for supporting and forming a suitable base for the economy to continue to grow at 8%+ levels. The budget is likely to be skewed towards investment rather than consumption. Agriculture & related activities would continue to be the focus area as inflation and food security is high on the government agenda. Government would allocate higher amounts towards infrastructure (logistics, rural infrastructure and water management), education and technology to give a multiplier effect to the economy to sustain high GDP growth in the coming years.

The Union Budget 2011-12 might be a key from a policy stand point and may provide incremental direction to markets. There is an inherent value in India economy given the growth story and favorable demographic, but catalysts are required at macro level to deleverage the underlying value.

Stock Idea- Ceat Ltd.

2011-02-05T12:42:00.000+05:30

The investment rationale of Ceat:

Robust auto sales outlook to boost demand for tyres
Acquisition of global brand rights to provide huge potential for growth
Capacity expansion would enable Ceat to focus on higher margin replacement segment

Outlook & Valuation

As said by Unicon Investment Solutions, "We have used the discounted cash flow (DCF) method to value Ceat due to its huge capex plan, the benefits of which would accrue over a longer period. We have arrived at a target price of INR 149 based on a discount rate of 10.1% and a terminal growth of 2%. The target price implies a potential upside of 37% from current levels for an investment horizon of 12 months. Thus, we recommend a Buy on the stock."

Bharti Airtel Announces Q3 Results

2011-02-02T12:36:00.001+05:30

Bharti Airtel, a leading Telecom player, announced its third quarter results wherein it registered a decline of 40.62% in its net income, mainly due to the rise in spectrum charges as well as the costs recently incurred by the company for relaunching its brand. The net income decreased from INR2,194.9 crore in the third quarter of previous fiscal to INR1,303.3 crore.

However, the company's total revenues have increased from INR10,305.3 crore in the previous fiscal to INR15,576 crore, a 51.14% jump. Furthermore, the verage revenue per person (ARPU) of Bharti Airteldecreased from INR202 in the previous quarter to INR198 in this quarter.

In terms of QoQ (quarter on quarter), profit before tax of Bharti Airtel was majorly affected by brand relaunching costs, which was about INR340 crore. And in terms of YoY (year on year), the profit before tax plunged again due to higher spectrum charges and net interest outgo, which are INR80 crore and INR471 crore respectively, along with the forex losses and brand relaunching costs. The exchange losses, valued at INR151 crore, were due to the negative fluctutations in the foreign currencies in India and Africa.

On this Wednesday, the company's share prices increased by 3.52% to reach INR325.70 on Bombay Stock Exchange.

Egypt Crisis Hits Indian Stock Market Badly

2011-01-31T13:35:00.000+05:30

The ongoing unrest in Egypt is raising concerns all over the world. Here in India, the crisis is prompting the retail investors and fund managers to surrender to selling pressure consecutively for the fourth session. As a result, Sensex, the benchmark index of Bombay Stock Exchange, dipped by more than 300 points on Monday's opening trade.

The 30-share index, which had already lost 755 points in the earlier three sessions, plummeted by 1.68%, or 301.70 points, to reach 18,094.27 points during the initial few minutes of Monday's trade. Nevertheless, the Sensex then picked up some pace and is presently at more than 18,200 points.

Likewise, National Stock Exchange's benchmark index, Nifty, plunged by 1.44%, or 79.55 points, to reach 5,432.60 on the opening trade. The wide-based index has currently gained some momentum.

According to market experts and brokers, the dampened trading sentiment in Indian Stock markets is being mainly driven by not only the ongoing protest in Egypt but also by the blue-chip companies' dissapointing results. Other reasons behind dismal performance of Indian stock markets can be the continued positions offloading by retail and other investors, and weakening trend in other Asian markets, induced by the US market losses which is again due to the Egypt unrest.

Among various Asian markets, Hang Seng index of Hong Kong declined by 1.20% and Nikkei index of Japan dipped by 1.63%.

SBI Asks for 250 Billion, But May Get Only 150 Billion via Rights Issue

2011-01-29T13:49:00.000+05:30

State bank of India (SBI), India's largest lender, reportedly required about INR250 billion as capital infusion from the GoI (Government of India). However, the government decided to fullfill such requirements partially and voiced plans of infusing $3.3 billion or INR150 billion into the bank. The fund infusion would be made in the next fiscal year by way of a rights issue.

According to the experts at Unicon and other brokerage companies, the reasons behind SBI's high fund requirements are mainly the intention of expanding their presence and operations, and for maintaining a healthy capital adequacy ratio. However, the bank's intention of carrying out acquisition activities can also be another reason behind it.

SBI, which posted about 14% rise in net profit for quarter ended December, fears the dampening of its earnings growth due to the increasing interest rates.

The government had also expressed intentions of infusing another INR88 billion into various other state-run banks to help then in meeting their capital adequacy ratios.

Corporate and Market News Highlights

2011-01-28T10:30:00.000+05:30

Food Inflation-Induced Rate Hike Possible- Dearer vegetables pushed up the food inflation marginally to 15.57% for the week ended January 15, prompting experts to say that RBI may go for yet another round of rate hike in its mid-quarterly policy review in March. Food inflation was 15.52 per cent for the week ended January 8. It was 20.07 per cent a year ago. Based on price movement in the wholesale market food inflation rose by 0.05 percentage points for the week ended January 15 after declining for two consecutive weeks.

PFC Likely to Announce FPO- The government today said that the Rs 7,000-crore follow-on public offer of the state-owned Power Finance Corporation (PFC) is likely to come around April or May this year.

Oil India to Give Up on Libya Exploration Blocks- India's state-run explorer Oil India will relinquish two exploration blocks in Libya, its chairman N M Borah told reporters on Thursday, as their operations were not viable.

RVL and IL&FS to Collaborate for Haryana's Economic Township Development- Reliance Ventures (RVL), a wholly-owned subsidiary of Reliance Industries (RIL), and Infrastructure Leasing and Financial Services (IL&FS) will jointly develop a model economic township and other infrastructure facilities at Jhajjar in Haryana. IL&FS will acquire a 45% equity interest in the new company. RVL and Haryana government will hold 45% and 10%, respectively.

3i Acquires Stake in BVG India Ltd.- 3i, an international investor in private equity, infrastructure and debt management, have acquired a minority stake in BVG India Limited.

Marico Products to be Costlier- Hair oil major Marico said it will increase the prices of its products by up to nine per cent in a bid to offset high input costs. The company is also planning to invest about Rs 60 crore during 2011-12 financial year in its capital assets.

L&T Likely to Sell Infotech Subsidiary- Larsen & Toubro may sell stake in its infotech subsidiary after failing to turn it into a bigger business. The firm is talking to merchant bankers about a sale mandate and has also held discussions with a bank representing a potential bidder last week.

Financial News On-The-Go

2011-01-27T12:12:00.001+05:30

Hindustan Unilever Ltd., India’s biggest household products maker, reported dip in profits for the second time in three quarters due to increase in raw material prices. Net income fell 1.7% to INR6.38 billion ($140 million) in three months ending Dec. 31, from INR6.49 billion a year earlier.

Ipca Laboratories reported a 9.79% jump in its net profit after tax for the quarter ended December 31, 2010, at Rs 63.95 crore. The company had posted a net profit after tax of Rs 58.25 crore in the corresponding period previous year.

Engineering and construction major Larsen & Toubro (L&T) said it has inked a joint venture agreement with Japan-based Kobe Steel to manufacture internal mixers and twin screw roller-head extruders for the tyre and rubber industry for global markets, including India. The JV will invest around INR60 crores for setting up manufacturing facility and related infrastructure. The strategic partnership enables the JV to leverage the technology leadership of Kobe in this segment as well as the market reach of L&T through its customer base in India and abroad.

Sesa Goa Limited announced its unaudited consolidated results for the third quarter and nine months ended 31 December 2010. Consolidated revenues and profit after tax were Rs. 2,250 crores and Rs.1,068 crores, respectively, for Q3. Saleable iron ore production during Q3 and the nine month period was 5.29 million tons and 14.84 million tons, a 5% decrease and 9% increase, respectively, as compared to the corresponding prior periods.

Sterlite Industries India Ltd., the nation’s largest producer of base metals, reported a 60% gain in third-quarter profit, aided by higher prices.Net income climbed to INR11.01 billion ($241 mn) in the three months ended Dec. 31 from INR6.87 billion a year earlier.

Godrej Industries: The net sales have increased by 19% to Rs. 1024.17 crore on back of 47% growth in estate & property development and 39% growth in chemical business. OPM has increased by 82 basis points to 4.1% due to fall in raw material cost and purchased of traded goods. The profit before tax before exceptional items stood at Rs. 34.9 crore, a 571% growth due to rise in margin and other income.The consolidated net sales for 9M FY11 grew by 21% to Rs. 2981.82 crore on back of 32% rise in sales of vegetable oil, 26% rise in chemical business and 35% rise in estate and property business. OPM has decreased by 20 basis points to 3.4% due to rise in the cost of sales of property developments. The profit before tax before exceptional items stood at Rs. 125.43 crore, inclined by 98% due to increase in other income and fall in interest cost.

Jindal Power IPO likely in 3-4 months to raise Rs 7200 cr.

CNBC Awaaz- Coromandel International- Unicon's Opinion

2011-01-25T11:59:00.001+05:30

Some Useful News Highlights

2011-01-25T11:14:00.000+05:30

FMCG-to-hotels major ITC has witnessed a 21.4% jump in net profit in the third quarter of this fiscal at Rs 1,389 crore, up from Rs 1,144 crore a year ago. The growth was fuelled by the above par performance of cigarette, hotel and agri businesses. The new FMCG businesses have cut down losses in the quarter to Rs 73 crore. Cigarette, agri and hotels business witnessed a healthy growth in profit while paperboard profit was marginally down to Rs 191 crore during the quarter.

The Bank of Maharashtra (BoM) on Friday announced results of third quarter for the financial year 2010-2011. The net profit of the bank for the quarter is Rs 90.25 crore as against Rs 52.3 crore in the last quarter. Operating profit for the third quarter of current financial year (Q3 FY2010-11) stands at Rs 789.17 crore as against Rs 552.26 crore in Q3 FY2009-’10, recording a year to year (y-o-y) growth of 42.90 per cent. The total business of the bank rose to Rs 106514.98 crore as compared to Rs 95032.13 crore as on December 31, 2009, showing a y-o-y growth of 12.08 percent.

Reliance Industries, India’s top company by market value , reported a 28% growth in quarterly net profit as it earned more dollars for each barrel of oil it refined while strong demand boosted the petrochemicals business to its best-ever performance. The company, which runs the world’s biggest refining complex at Jamnagar, is expected to maintain robust refining margins in the current quarter as economic recovery in Western countries fuels demand and expands gross refining margins (GRM). Its refinery is expected to process more crude in the current quarter as one unit was shut down for maintenance in the October-December period.

Tech Mahindra, India's fifth-largest IT company, reported a sluggish 2% rise in its sales for three months ended December 31, 2010, from the same period last year. Despite sluggish sales growth, the company, which counts British Telecom and AT&T as it largest customers, reported a net profit growth of 49% since last year.

Buoyed by rural and international sales, Wipro Consumer Care and Lighting (WCCL) posted a 21% jump in revenues to Rs 695 crore for the quarter ending December 31, 2010, compared to the corresponding period a year ago. Earnings before interest and tax ( EBIT) for the quarter rose 14% to Rs 85 crore. The company reported an operating margin of 12.3% for the quarter.

The follow-on public offer (FPO) of Tata Steel garnered a smart response from the investors, with the issue getting over-subscribed 5.97 times on the final day. As per the data available on the National Stock Exchange website till 1700 hrs, the Tata Steel FPO received bids worth 29.06 crore shares against 4.8 crore equities on offer, thereby, generating demand worth a whopping Rs 17,726.6 crore.

State-run Oil and Natural Gas Corporation (ONGC) today shut some wells at the Bassein oil and gas field, Western Offshore, after detecting leakage in the Mumbai Uran Trunk (MUT) oil pipeline. Fields in the Western Offshore are about 140 km from the west coast here and 40 km south of the Mumbai High fields. Bassein is the nation’s biggest oil field. The leak will cause a loss of 25,000 barrels (a barrel is 157.5 litres), ONGC said in a press statement today. The MUT currently pumps 212,000 barrels of oil per day.

Walk-In Interview

2011-01-24T17:57:00.000+05:30

Walk-In Interviews at Unicon Investment Solutions

Dear Candidate,

We have the following opportunities:

1) Team Leader/Team Coordinator

Job Specifications:

• Leading a team of Tele callers

• Generating Leads for the sales team through calls

• Coordinating with sales team to monitor the documentation involved in the policy.

• Making calls to the existing clients.

• Fixing meetings for RM with existing as well as prospective clients

Minimum Qualification: Graduate

Job Location: Delhi/NCR

2) Tele Sales Officers/Tele sales Executives

Job Specifications:

• Outbound Insurance Process

• Calling prospective clients to generate business sales

• Making calls to the existing clients

• Tele calling with convincing capability

• Fix meetings for RM with existing as well as prospective clients

Language Preference: Good Communication Skills (English, Hindi & Punjabi)

Qualifications: UnderGraduate/ Graduate

Job Location: Delhi/NCR

The interviews are currently open at our following offices:

Noida: - 221, Block- D, Sec-63

(Near Danik Jagran Building)

Contact: HR - 9311028811

Pusa Road: - 26, Block No-34, 3rd Floor

Pusa Road, Near Karol Bagh Metro Station.

Contact: HR - 9310664224

Moti Nagar: - 33, DLF Industrial Area

Moti Nagar, Near Moti Nagar Metro Station

(Metro Pillar No. 316)

Contact: HR 9311028812

Candidates may apply through our website, www.uniconindia.in OR Send resume at irecruitment@uniconindia.in OR SMS- Unicon HR to 54646

Walk-In Interviews

2011-01-24T17:55:00.000+05:30

Walk In interview

2011-01-05T11:04:00.000+05:30

Job Title

Tele Sales Officers/Tele sales Executives

Location

Delhi/NCR

Job Descriptions

Outbound Insurance ProcessCalling prospective Clients to generate business sales Making calls to the existing ClientsTele-calling with convincing capability.

Fix meetings for RM with existing as well as prospective Clients

EligibilityQualification UG/ Graduate Good Communication Skills Language Preference English, Hindi, Punjabi

Intersted Candidates can walk in at below Locations

Noida: - 221, Block- D, Sec-63(Near Danik Jagran Building)Contact: Ms.Charu – 9311028811Pusa Road: - 26, Block No-34, 3rd FloorPusa Road, Near karol bagh metro station.Contact: Ms. Simran

Moti Nagar: - 33, DLF Industrial AreaMoti Nagar, Near Moti nagar metro station(Metro Pillar No. 316)Contact: Mr. Amit Arora -9311028812

All the best Team Unicon

Walkin Interview @ UNICON

2010-12-30T16:54:00.000+05:30

Job Title

Tele Sales Officers/Tele sales Executives

Location

Delhi/NCR

Job Descriptions

Outbound Insurance Process

Calling prospective Clients to generate business sales

Making calls to the existing Clients

Tele-calling with convincing capability.

Fix meetings for RM with existing as well as prospective Clients

Eligibility

Qualification UG/ Graduate

Good Communication Skills Language Preference English, Hindi, Punjabi

Intersted Candidates can walk in at below Locations

Noida: - 221, Block- D, Sec-63

(Near Danik Jagran Building)

Contact: Ms.Charu – 9311028811

Pusa Road: - 26, Block No-34, 3^rd Floor

Pusa Road, Near karol bagh metro station.

Contact: Ms. Simran

Moti Nagar: - 33, DLF Industrial Area

Moti Nagar, Near Moti nagar metro station

(Metro Pillar No. 316)

Contact: Mr. Amit Arora -9311028812

All the best

Team Unicon

HSIL Ltd - Q2 FY11 Result Update

2010-10-28T20:17:00.001+05:30

HSIL Ltd - Q2 FY11 Result Update

o HSIL Ltd (HSIL)’s total revenue registered a growth of 29% YoY to INR 2220 mn backed by healthy growth in both building products and container glass segments. The results were marginally below our estimates.

o The company’s operating profit at INR 449 mn, witnessed a 20% increase Y-o-Y. EBITDA margin at 20.84% registered a decrease of 121 basis points on a Y-o-Y basis.

o PAT at INR 139 mn witnessed a growth of 52% as compared to the same quarter in the previous year. PAT margin at 6.46% has increased by 107 basis points Y-o-Y. EPS for the quarter stood at INR 2.53.

Valuation

At the CMP of INR 137, the stock trades at ~9x our consolidated FY12E EPS. We recommend to “BUY” the stock with a price objective of ~INR 178.

Thanks & Regards,

Unicon Wealth Research

Banco Products (India) Ltd Q2FY11 Result Update

2010-10-27T20:35:00.001+05:30

Banco Products (India) Ltd (BPIL) Q2FY11 Result Update

BPIL reported a 21.5% YoY increase in standalone revenues to INR 1.2bn for Q2FY11.
The company registered a decline of 920bps YoY in EBITDA margin to 20.0%.
The company registered a decline of 910bps YoY in net margin to 12.3%.

Outlook & Valuation

The stock is currently trading at P/E multiple of 6.4x as per our FY12 earnings estimate. We maintain our Buy rating on this stock with a revised target price of INR 149.

Thanks & Regards,

Unicon Wealth Research

Mundra Port & Special Economic Zone Ltd Q2FY11 Result Update

2010-10-26T20:06:00.002+05:30

Mundra Port and Special Economic Zone Ltd (MPSEZ) Q2FY11 Result Update

MPSEZ reported a 26.3% YoY increase in revenues to INR 4.1bn for Q2FY11.
The company registered a decline of 550bps YoY in EBITDA margin to 66.2% in Q2FY11.
The company registered a decline of 180bps YoY in net margin to 50.0% in

Outlook & Valuation

The stock is currently trading at a PE multiple of 35x and 28x for FY11 and FY12 respectively as per our earnings estimate. We downgrade our rating from Accumulate to Hold on this stock with a revised target price of INR 175.

Thanks & Regards,

Unicon Wealth Research

Biocon Ltd Q2FY11 Result Update

2010-10-25T20:55:00.001+05:30

Biocon Ltd Q2FY11 Result Update

Ø Biocon registered strong 17% YoY increase in revenues with across-theboard growth in all core businesses like Insulins, Immunosuppressants,

Statins and Branded Formulations. Quarter revenues increased by ~INR 1 bn to INR 6.8 bn on YoY basis.

Ø EBITDA increased 27% YoY and 9% QoQ to ~INR 1448 mn in Q2 FY11. EBITDA margin improved by 164 bps to 21.3% on YoY basis, due to

reduction in operating expense.

Ø Net Profit also improved by 20.4% YoY and 16.3% QoQ to ~INR 892 mn. Slower growth was seen due to reduction in other income. PAT margin

improved marginally to 13.1% from 12.8% same period last year.

Outlook & Valuation

Stock is currently trading at 22x its FY12E earnings. We rerate the stock to BUY with a fresh price target of INR 560.

Thanks & Regards,

Unicon Wealth Research

Tata Consultancy Services Ltd Q2FY11 Result Update

2010-10-23T04:42:00.000+05:30

Tata Consultancy Services Ltd - Q2FY11 Result Update

Ø Revenue at INR 92,864 mn; up 25% YoY & 13% sequentially.

Ø EBITDA was at INR 27,762 mn, up 15% & 31%, QoQ and YoY respectively.

Ø PAT was at INR 21,990 mn up 32%, YoY and 13%, QoQ.

Outlook & Valuation

Going forward, TCS expects clients to gradually increase their IT budgets. There is also a possibility that pricing could see a little bit of increase going forward. However, attrition remains a concern. With robust demand outlook we expect pricing to improve going forward especially in areas like enterprise solutions, cloud computing & consulting. However, there will be a concern about the uncertainty in global macro environment. With IT spending back and transformational deals making a comeback, TCS looks strong to deliver good performance in the coming quarters. At CMP of INR 986 the stock trades at 24x its FY11e EPS. We raise our price target from INR 1040 to INR 1148. Recommend Accumulate.

Thanks & Regards,

Unicon Wealth Research

Allahabad Bank Q2FY11 Result Update

2010-10-23T04:40:00.000+05:30

Allahabad Bank Q2FY11 Result Update

Ø Allahabad Bank (ALBK) delivered another strong quarter, with net profits increasing by 20% to INR 4025 Mn YoY.

Ø The net interest income increased by 60% to INR 9690 Mn YoY. NIMs improved to 3.34% from 3.10% sequentially and 2.84% YoY..

Ø ALBK’s Gross NPA declined to 1.77% in Q2FY11 from 1.78% YoY and Net NPAs increased to 0.56% from 0.35% YoY. ALBK is will capitalised with CAR at 13.49% wth Tier I Capital at 8.41%.

Outlook & Valuation

At the CMP INR 240 stock trades at 1.3x of its FY12E book value, we have BUY rating on the stock for 12-18 months target of INR 305.

Thanks & Regards,

Unicon Wealth Research

YES Bank Q2FY11 Result Update

2010-10-23T04:35:00.000+05:30

YES Bank Q2FY11 Result Update

Ø YES Bank net profits increasing by 58% to INR 1763 Mn YoY. This was supported by strong loan growth of 86% YoY to INR 303.5 Bn. The deposits grew by 107% YoY to INR 400 Bn.

Ø The net interest income grew by 78% YoY to INR 3132 Mn. Bank’s net interest margins (NIMs) remained stable at 3% and CASA ratio to 10.1%.

Ø Along with expansion of loan book the bank maintained a stable asset quality, with gross & net NPAs declining to 0.22% & 0.06% from 0.31% & 0.0.8% YoY respectively.

Outlook and Valuation

At the CMP INR 353 the stock trades at 2.6x of its FY12E Book Value., we have a BUY rating on the stock for target price of INR 461 for 12-18 months.

Thanks & Regards,

Unicon Wealth Research

Coal India Ltd - IPO Company report

2010-10-19T22:15:00.003+05:30

Larsen & Toubro Ltd_Q2FY11 Result Update

2010-10-19T22:13:00.001+05:30

Larsen & Toubro Ltd - Q2FY11 Result Highlights

L&T’s top-line came in line with Unicon’s expectation but positively surprised on margin front. While top-line at INR 83bn grew by 17.8% YoY, the operating profit was higher by 20% on yearly basis to INR 10bn. The operating profit margin, marginally improved by 20bps to 10.8%, (our estimate 10.2%). Due to sharp run up in base metal prices during the quarter, going forward, we expect its margin to ease. Improvement in margin was led by reduced cost, as percentage of sales, in cost of materials and sub-contracting charges. Net profit after tax at INR 6.9bn was higher by 19.6% on yearly basis before extraordinary items.

Outlook and Valuation

Having regard to the performance and order intake during 1HFY10, management guidance of 25% growth in its order-book and 20% topline growth seems achievable for FY11.

Currently, stock trades at 22.7 its FY12e earning per share of 88.7 and price to sales ratio of ~1.8x. Upgrade to Accumulate for price target of 2,250.

Thanks & Regards,

Unicon Wealth Research

Infosys Technologies Ltd Quaterly Report Result Update

2010-10-18T20:33:00.000+05:30

Axis Bank Ltd Quaterly Report Result Update

2010-10-18T20:31:00.000+05:30

Unicon Financial Intermediaries Pvt. Ltd.

2010-10-08T14:58:00.001+05:30

Quiz For The Day

2010-09-29T13:13:00.002+05:30

Guess the Closing Sensex Today.......................

Ashoka Buildcon Ltd

2010-09-27T22:53:00.001+05:30

Ashoka Buildcon Ltd. (ABL) undertakes Engineering, Procurement and Constructions (EPC) contracts in roads, bridges (on Build Operate and Transfer basis, [BoT]), commercial and industrial buildings and power transmission and distribution (T&D) projects. ABL currently has an interest in 23 BOT road projects (17 operational and rest under execution) with blended concession period of ~21 years.

Objects of the Issue

ABL, through this public issue intends to raise ~INR 2,500Mn. Post IPO, promoter’s shareholding will reduce to 73% from 84%, currently. The object of the issue is to raise capital to invest in fixed assets, meet its working capital requirements, repay debt of its own and its subsidiaries & associates and for general corporate purposes.

Investment Rationale

Ø Well-established player with proven ability in toll-based BOT projects execution

Ø Healthy Order Book of INR 32,533Mn, 4x its FY10 consolidated revenue

Ø Integrated Business Model with in-house traffic forecast expertise and RMC plants

Concerns

Ø Any significant variation in cost estimates and actual cost could materially impact its future profitability

Ø ABL has advanced a sum of INR 1,630Mn to its subsidiaries, Associates, Promoters etc without interest and any security

Ø Of the total order-book as on May’10, ~73.95%; 9.8% and 10.6% comprises of projects in the states of Maharashtra, Madhya Pradesh and Chhattisgarh. As players in road sector faces stiff competition, regional concentration could hamper the future growth of the company

Ø Unsecured debt of INR 1,599.62Mn on a standalone basis is repayable on demand

Valuation

At the upper price band of 324, ABL stock is offered at 3.8x its Price to Book value (FY10, pre-IPO) and 3x at the lower price band. With higher return on net worth of 17.4% for FY10, the issue is attractively priced for long term investors. Given the positive sector outlook, reasonable valuation and higher Return on Networth when compared with its peers, recommend SUBSCRIBE.

Tecpro Systems Limited

2010-09-24T16:40:00.002+05:30

Tecpro Systems Limited (TSL) provides turnkey solutions in material handling, ash handling, balance of plant ("BoP") and engineering, procurement and construction ("EPC") contracts. Over the years TSL has developed in-house capabilities for providing comprehensive solutions in material handling and ash handling systems. TSL has received the highest number of orders for coal handling plants during the Eleventh Five Year Plan (2007-2012), (Source: RHP, www.cea.nic.in). Leveraging on its capabilities in coal handling, ash handling and established project management track record, TSL has begun to focus on turnkey BoP contracts in thermal power generation sector

Investment Rationale

Ø Current order-book of INR 23.1bn, 1.6x its FY10 revenue on consolidated basis shows quick conversion of order-book to sales and growth outlook for core sector like, Coal, Steel, Power, and Cement etc remains positive over medium to long term. TSL has received the highest number of orders for coal handling plants during the Eleventh Five Year Plan

Ø Strong project management expertise and established track record of project execution

Ø Strong in-house design and manufacturing capabilities

Ø TSL revenue has grown on year-on-year basis by 119.5%, 58.4% and 82.0%, for FY08, FY09 and FY10, respectively and growth outlook continues to remain positive

Concerns

Ø One of the BoP order worth INR 9,930Mn (43% of the current order-book) is subject matter of apex court judgement. Any adverse decision against TSL in these proceedings could result in loss to the extent of expenses incurred but not recovered from client and significant reduction in its order-book.

Ø Top 10 customers constituted ~65% of TSL’s income from operations for FY08-10. Dependency on few clients for most of its revenue exposes TSL to the risk of loss of client / revenue which could materially impact its future business.

Ø TSL had negative cash flows for last five fiscal years

Valuation

At the upper price band of 355, TecPro Systems Ltd is offered at 14.2x its FY10 EPS of INR 25 and 13.6x at the lower band, while its peers are trading at 16x – 20x. Given the robust outlook for core infrastructure sectors like Power, Cement, Steel, Coal, lower valuation and higher Return on Networth when compared with its peers, TSL valuation remain attractive, recommend SUBSCRIBE.

How to have best investment with high return.

2010-09-22T04:57:00.002+05:30

Every investor wants to double his revenue and wants to get double or much more than his hard earned money. Hence for getting highest return it is very necessary to invest in right place. But for investing in right place , the first question which strikes our mind is “which is the best place to invest, for getting high returns?” before we continue to find this questions answer make sure that you are not going to count all of your previous experience of the investments. You would have seen many brokers by saying to prove themselves with the right best place to invest your hard earned money but sooner you might get to know that the low level stock broker is performing under actions which might get success rates below than you expected.

Hence to get the right information about the best sectors to invest it is important to take the benefits of internet rather than digging out the earth.

1. This website is the best suitable for the new investors, they can get abundant information about the best places to invest.

2. The funds section gives important information regarding the mutual funds, stock, bonds etc.

3. In Unicon you can get the regular updates about mutual funds statistics hence we can say, you will not be served the old dishes of information.

4. In Unicon you will be getting the regular updates about the best and worst performing sectors hence by that you will be able to find it easy to get the best suitable sector for your investment.

Many investor find them well comfortable in investing the equity funds, hence to get the right and good returns it is very important for them to have an up to date equity reports. The equity report comes in several formats. A general equity report is a document which has the necessary information about the equity funds and the return of it. The equity report is one of the important document for the investor, the equity reports plays an important rule while applying for the loans.

Well we just moved out to the equity funds but the stock market is not just limited to equity funds or any other types of funds, bonds. In fact the stock market is limitless. But this abundance makes the new investor to feel confused about selecting the best place to invest. A typical good investor should have the passion, a good sense of seriousness and fox minded brain, and eagle sighted eye view on his trading.

Although these qualities do not come as inborn but these qualities can be achieved by having regular stock market updates. Every investor does the investment and trading by having different types of goals in his minds hence every investor applies different way of action ,some of them get high returns while some of them loss the revenue. No body wants to become a loser, not even in regular life of stock market investment. Hence for being a successful a investor should have the courage like a stone and a good knowledge about every current status of the stock market. Hence the stock market updates should be taken with while investing in any sector.

How to become stock broker?

2010-09-22T04:55:00.002+05:30

The world is of investment era and every new individual is trying to try their luck
by investing in stock markets. It is no doubt about the stock market’s dominance
among various investments sector. Every Friday of the week brings tears and joy
among various investors but still the investors do not give up and try them up in the
right way to get good return. The investors invest their money through the middle
person of the stock market and that middle person is known as stock broker. The
stock broker does all the actions required in stock broking to make their clients
enjoying high returns. As a matter of fact, only the members of the stock market
can do the stock broking hence a stock broker is the member of the stock market
who makes the investment of different people in the market through his account.
Hence being a stock broker is a good career option. And being a stock broker is not
in terms of the market’s guru guy but an individual stock broker can earn much
more income hence it’s a big deal for all the new generation seeking their future in
financial world. But when we think about being a stock broker first thing which
strikes our mind is how to become stock broker?
There is not any kind of special degree or educational certificate for being a stock
broker. A graduate person from the fields of commerce, finance or economics can
easily seek and build his career in stock market by joining the big stock brokerage
firms. But this is not just the exact way for becoming a stock broker. For being a
perfect suitable person, the person has to appear the General Securities Registered
Representative Examinations and before applying for the exam the person has to get
the training from any stock brokerage firm for at least 4 to 6 months. After passing
the examination the person gets the license for becoming a stock broker. After these
steps the person has to appear for the Uniform Securities agents laws examinations
in several states, this examination is needed if the person wishes to be more
advanced. Hence by appearing some more examinations, the candidate can become
a good and advanced stock broker. But this was just a mock step for becoming a
stock broker; there are some characteristics which a stock broker needs for being
a successful stock broker. The stock broker should have the good communication
skills to make the clients trust on them and feel safe about their investment. A good
stock broker should have much developed ability for being rejected, this happens
in early days of every career. The stock broker should have a good patience while
stock broking. Today it can be seen every individual dreams for a good career and
a handsome income hence the stock broking a good field for all these aspirants.
Well this was for the persons who want to be the stock brokers but on the other
side there are several folks who want to invest their money by commodity brokers.
These folks are the investors. For trading in the commodity markets, every investor
should choose the right type of commodity brokers so that the trading becomes
a successful trading for that individual. First of all the investor should have the
complete knowledge about the commodity brokers. Perhaps there are some of the
commodity brokers who are new but to avoid this paradox, the investor should have
a good mock trail with small investment and if the trading gives the right expected
results, you have found the right type of commodity broker. Always try to seek for
the previous trading background of the concerned commodity broker.

A brief overview about DMAT/ depository services

2010-09-22T04:54:00.001+05:30

Many folks who have the experience of investing in stocks are familiar with the DMAT accounts. But still there is large part of Indian population which is depended on dematerialized investments are unknown to the DMAT or depository accounts.

There are many people who want to open a DMAT account or a depository account but due to lack of information they become confused or they don’t find any way to get it done within right time. Hence here we are going to get some of the facts which are very helpful while opening the Depository or DMAT account.

When the DMAT account comes in our mind many of us start thinking about what exactly DMAT account is? The DMAT account is nothing but the Dematerialized account; it is same as like a bank account in which you can keep your bonds, stocks, shares and other financial assets.

Another question which makes us to think is what are depositories? n agency which keeps all types of securities and makes them easily available in electronic form is known as depository. There are two major agencies which provide the depository services in India, these agencies are NSDL i.e. National Securities Depository Limited and CDSL i.e. Central Depositaries Services Limited. These two agencies have many banks and several other financial institutions which keep all the vital steps to carry out the depository service smooth going. In other words the banks and the other several financial institutions act as the participant in the depository services in India.

Open a DEMAT account, it’s much simpler than you think! The world is changing every second in terms of economy and technology hence to open a DEMAT account; one does not need to think so much and face any hurdle.

In fact opening a DMAT account is pretty simpler, you can open a DMAT account in any scheduled bank or government undertaken bank. You can open the DMAT accounts with the assistance of stock brokers or any other financial institution.

The application form for opening a DEMAT account is much simpler; you have to just fill the form along with the photocopy of the PAN card issued by income tax department and residential proofs. And along with that you will need to submit two photographs and a cheque which is cancelled from your bank accounts. This process is done to link your DMAT account with the bank account.For submitting the identity proof you can represent any one of your documents such as passport, voting card, driving license etc. For submitting the address proof you can submit any one of the following documents such as your ration card, latest bank statements, latest telephone bills etc.

Hence opening a DMAT account is much simpler than it was previously the process of opening the DMAT account can become much simpler if you get the assistance of your stock broker. Opening a DMAT account is the intelligent way for investing in stocks or any other sectors, there are abundant advantages of DMAT account.

Types of investments you need to know about!

2010-09-22T04:53:00.000+05:30

Every person wants to be financial independent hence for that he takes every
possible step to attain his goal. Some of these persons invest in different fields to
obtain high return. There are various kinds of investments available in the current
market. You can breakthrough short term investments, long term investments
and so on. Hence the investors find it very difficult to choose the right one for
them. They can not choose any types of investments as it involves the levels of
risk, profit margin, loss factor etc. Hence these mentioned factors make every
type of investments i.e. either long term or short term investments different from
each other. The word short term investment is enough for showing its details. The
short term investments are made for high returns but the short term investment
stand only for limited period of time. On the other hand the long term investments
are made for long term returns but the amount of the returns is much smaller
compared to that of short term investments. The short term investments have
the good fact that they have the much potential of high returns of profit but the
other side of the coin signifies that the short term investments carry much more
risks compared to the long term investments hence the chances of loss are also
much more in case of short term investments. Most suitable examples of the short
term investments are the stocks and bonds, in which every good and fox minded
investor should know about the precise timing of investments. Hence in short term
investments a small investor can become a millionaire in some matters of seconds.
On contrary a single mistake can make a big investor to lose every single penny of
his budget.
The high probabilities of fluctuations in profit and loss do not happen in case of long
term investments. The long term investments carry a good rate of profit, in a steady
manner. Although the returns are not big compared to short term investments ,the
risk factor also becomes much more lower in case of long term investments hence
making a good flow of profit in slow and steady rate. The long term investments
do not give you complete control on them i.e. if the person sales the stocks or bonds
earlier there might be some penalties or charges applied by them. The penalty
factors vary among various companies. The penalty factor does not make the long
term investments much worse because the chances of risks are much smaller hence
no body likes to get the penalty without any useful reason. Many times the investors
gets the money or returns only after the maturity of the investments but the return
after the complete maturity resembles much more that of short term investments
hence the long term investments are much preferable. In summary every type of
investment has some pros and cons, hence while choosing the right type make sure
you have the much knowledge about positive as well as negative factors.
Another way for achieving the financial freedom is done by monetizing the wealth.
Today people monetize their wealth in order to make their money rolled up and get
increased in amount. This monetization of wealth is known as wealth management.
The wealth management is one of the intelligent and secured ways of investing.
There are lots of stock brokers as well as wealth management institutions who
provide wealth management services for different organizations as well as
individual investors. These institutions make the suggestions and assist every
individual to invest in right field for getting good returns.

The facts about stock market

2010-09-22T04:50:00.000+05:30

We all know this economical world is of investment of money and time, if we put
them in right way and right direction, the profits get more and more multiplied or
else the profit turns in some other forms i.e. loss. One of the major investments for
the hard earned money is stock exchange. For investing in stock exchange one has
to approach a stock broker. A stock broker acts as a middle person between you
and the stock market. Since it is well known that only the members of the stock
market can invest in stock exchange hence for investing in stock exchange every
group of business persons should pass through the brokerage corporations. Today
there are several stock brokers corporation in every corner of city. As an estimated
calculation, there are nearly 2000 major stock brokers in Delhi itself, that’s really
big figure for all of us. The stock brokers primarily assist the investor to invest in
the right field of investment. The stock brokers collect all the information from
various corporations and organizations and depending upon the needs of the client
they determine the right place for their client’s hard earned money. In fact we can
say that the stock broker bears the good knowledge of investment risks in different
fields. Many stock brokers in Delhi have the added other services along with the
investment in several sectors.
For investing in stock market every business organization should have a
good and perfect established portfolio. Hence the portfolio management is very
necessary part for very organization. If we define the portfolio it is the collection of
all the assets and properties bared by the organization. It is not necessary that only
organizations can have the portfolio of their own. Every individual, who wishes to
invest in stock market, can have the portfolio of his own. The portfolio can be made
in two way of parameters i.e. the individual will be able to gain higher return when
chosen for that in other words the portfolio is made for making a good assortments
of securities and assets hence some of them will be having unique function for the
investors security and some may not. This functionality varies along with the time
and situation. Today there are lots of stock brokers who provide the portfolio
management services for different type of purposes. These portfolios are managed
and made by various analyses done by the stock brokers. The analysis can be of
graphical analysis or statistical analysis. The stock brokers make their portfolio
management services much better by executing the trades, managing the bank
accounts and providing the credits etc.
Although the investing in stock exchange is much important process to think
about, the need of too much thinking for choosing the right step in invest needs the
attention and the knowledge of the current market. This can be done by having
regular stock market updates. The stock market does not lays down at a fixed
position but it changes its way of graph every second hence every investor should
have an adequate information regarding the stock market. The stock market
updates make the investor to become confident and get the new fields to invest
hence these above points are very helpful for every investor to have a good investing
career.

Important for you if you are thinking to get a life insurance cover, financial or retirement planning!

2010-09-22T04:49:00.000+05:30

Have ever received life insurance advice? No doubt many of us get life insurance
advices from friends, family, relatives etc. but do you think, you get always the right
and good advices from these folks, perhaps not. Hence before you go to follow their
advice here is a recommended advice from you i.e. never follow the advice of those
persons who are not the professionals or successful in their own financial freedoms.
As being a common person finding the best insurance policy which is most suitable
for you, it is suggested you to get the assistance of the insurance agent. Try to get
the life insurance advice from insurance agents for choosing the right company with
which you would like to hold your life insurance. But unfortunately most of us do
not prefer to look for the life insurance advice from the insurance agents because we
think them much simpler. But this is not the real face; in fact the life insurances are
much more deep informative without referring you would be not able to go with the
right one.
Many folks think that they do not need the life insurance because it’s not worth for
them but that’s not the truth. As a matter of fact if you are a working employee you
should get an insurance cover. When you think that you should get an insurance
cover don’t just go blindly and select a plan have a deep look in the benefits and
the terms and conditions related with that. This can be made much simpler if you
get the assistance of the insurance agent. Use the internet to compare different
insurance policies hence in that way you would be able to select the right policy
cover without any hassle.
Many of us would like to spend their one third part of their life in retirement. Hence
it is very important for every individual to have a perfect retirement planning.
No body likes to spend his retirement life in an unfortunate condition; therefore
to prevent this situation every individual should have a retirement plan. A well
planned retirement planning or strategy makes an individual to spend his life
in ease and to achieve the long term plans. There are several retirement policies
available for us to make our retirement planning financially free. You can select
the right suitable plan with the assistance of the professionals. A retirement plan is
that preparation in which the individual makes the sociological, psychological and
financial preparations.
As a matter of fact we all know 80% of our decisions or plans which we execute are
related to the finance in a direct or indirect way. There are several examples such
as the education, new home, clinical treatment, diet plan etc. hence all of these plans
have a significant impact on our wallet. Hence it is necessary to have good financial
planning. Many folks don’t make the financial planning by giving several excuses
but the real fact is that they just don’t do it or if they do it they don’t know exactly
about their expenses and income and as a result they get trapped in debts. Hence
to avoid these problems it is very necessary to have a perfect financial planning.
You can make these all above mentioned plans in a effective way only if you follow
the right way and hence to make that easy you can get the assistance of financial

THE STOCK BROKING IN INDIA

2010-09-18T02:23:00.002+05:30

The functioning of stock broking in India was started in 1875. The BSE is
oldest stock broking of India. History of Indian stocks trading starts with the 318
person taking membership in Stock Brokers Association and Native Share, which
is known by name as Bombay Stock Exchange (BSE). In the year 1965, BSE got a
permanent acknowledgment from Government of India which was most required.
The National Stock Exchange arrives 2nd to the BSE in the terms of status. NSE and
BSE represent themselves as the synonyms of the Indian stock market. History of
stock market in India is almost same as history of BSE.

An up-beat mood of marketplace was lost abruptly with the Harshad Mehta scam.
This came to the public knowledge that Harshad Mehta, who is also called as big-
bull and giant of Indian stock market which diverted huge fund from banks by
fraudulent means. He also played with millions of shares of many companies.
For preventing such frauds, Government formed SEBI, through Act in 1992. The
SEBI is statutory body which regulates and controls functioning of brokers, stock
exchanges, portfolio manager investment advisors, sub-brokers, etc. SEBI obliged
several tough measures to protect interest of investor. Now with inception of the
online trade and every day settlements chances for fraud are nil, top official of SEBI
says.

Sensex crossed 5000 mark in year 1999 and 6000 mark in year 2000. Foreign

institutional investor (FII) is investing in stock markets in India on very large scale.
Liberal economic policies pursue by successive Government attracted many foreign
institutional investors towards large scale. The impulsive behavior and action of
market dedicated it tag - 'volatile market.' The factors which affected market in past
were the good monsoon, rise to power of Bharatiya Janatha Party's etc. The result
of cricket matches between Pakistan and India also affected movements of stock
broking in India. National Democratic Alliance which was led by BJP, in 2004 the
public election unsuccessfully tried for riding on market sentiment to power. NDA
is voted out of the power and sensex recorded biggest fall in day amidst fears which
Congress-Communist coalitions would have stall economic reform.

India, after US hosts the large number of the listed companies. The Global investors
now seek India as preferred location for the investment. Stock market now
also appeals to the middle class Indians. Most of the Indian working in foreign
country now diverts their savings to the stocks. This new phenomenon is result
of diminished interest rate from banks and opening of the online trading. Stock
brokers based in the India are opening office in different country mainly to cater
needs of the Non Resident Indians. They can sell or buy stocks online while
returning from work places. The recent incidents which led to the growing interests
among all Indian middle class is initial public offer announced by ONGC, Maruti
Udyog Limited, Tata Consultancy Services and many big names like such. A bullish
run of stock market can associated with steady growth of 6% in GDP, growth of
Indian company to MNCs, the large potential of the growth in fields of mass media,
telecommunication, education, IT sectors and tourism backed by the economic
reforms ensures that the Indian stock market continue its bull run.

DO THE TRADING UNDER ONE ROOF ONLINE

2010-09-18T02:20:00.000+05:30

Trading can also be done online but the safety depends upon the encryption method
used. If the encryption method is better then it became impossible for the hackers
to reach your site. The best secure system which one could use to render security
is a 128 bit encryption system. Online share trading could be done without any
interruption as it needs no manpower. All you need to do is to be able to do the
transaction correctly by adopting safety measures. You have been provided by a
username and password. Be sure not to render your transaction information to
anyone.

In India there are many trusted websites available which would provide you
with safe online share trading. This would act is removing the changes of any
interruption. It would make sure that your ordered are transferred safely. The
difficulty in online trading depends upon the product being tendered on the website.
Moreover the security of your money depends upon the systems, where your money
including banking and broking are kept safe in your own bank account. In online
trading the more you have back end desegregation, more your work will be done by
the websites and you would be able to do the transaction safely.

Online share trading is not a difficult job to perform as some people think it is. You
merely need to have basic internet knowledge and a computer or any other peculiar
fiscal ability. If still you have any confusion in your mind one could also view the
demo of online trading which is available by some websites. You could also get
assisted with the demo being organized in your city.

Indian stock trading means to buy and sell the stocks in the market. This could
be done either manually or through online. You broker would be able to organize
shares for you. The prices of the stocks vary and if you agreed on a particular price
then the deal is carried out. Before investing for any company better know about the
company, its reputation and financial status in the market. Invest only that amount
which you could easily afford. The stock renders you with the ability of gaining
money. But be extra aware if you are a beginner in stock trading. Collect all the
relevant information of the market and before investing in any stock do a thorough
survey to acquire the alternatives and try to never go beyond the risk.

Today internet plays an important role in online trading. Most of the trader prefers
to make their order through internet. Online trading is an easy and effective way
of doing trading. In online trading your broker look for the seller or buyer who is
suited your products. They are generally connected themselves with the exchange
network. The cost of the stocks cannot be known in advance, but the price of

the stock largely depends upon the political agitation, the prices waves if there
is demand for a particular stock in the market, most often the price of the share
reduces due to the Indian stock trading company strike.

PORTFOLIO MANAGEMENT SERVICE IN INDIA AND INVESTMENT PORTFOLIO MANAGEMENT

2010-09-18T02:18:00.003+05:30

For investment portfolio management in equities requires knowledge, time, constant monitoring and experience of the stock market. Those people who need expert to help in managing their investments, portfolio management

service (PMS) is the best way. Financial markets offer various growths potential.

But investment portfolio management can be extremely challenging task., Assessing impact of the socio-economic changes on investments, anticipating, market trends, financial analysis and keeping abreast of the latest corporate development all adds up. Investment portfolio management can become nearly full-time affair which requires considerable expertise and time.

During journey of life, one needs to make number of plans and take some important decisions. Few of such decisions have the strong financial implication and can alter course of life and when comes to investing hard earned money, one required to partner with someone they trust, who will make money work hard. An idea of the Portfolio management service is to overcome pace of changes in the business landscape and to provide Investment Avenue to stay ahead from risk return curve and to generate positive return consistently over period of time. During times of extreme market volatility, it might be tough to know what, you should do. Seeking advice of professional, staying calm, taking rational look at investments and keeping sense of perspective are smart strategies which can be followed. The desire to increase money is natural instinct. As simple as desire is, process to do it is just complex. This is believed that protecting and growing the wealth of investor is art.

Portfolio Management Service in India is sophisticated investment vehicle which offers customized investing into mutual funds units, stocks, cash, fixed income products and other structured products etc. to meet the specific investment objective. Though, Portfolio Management Service in India is managed by professional financial manager, it has capability to address personal preferences tailored in investment portfolio management giving freedom and flexibility needed for achieving financial goals.

The business of the portfolio management service in India has been not easy one. Juggling limited choices in hand with twin requirement of the adequate safety and the sizeable returns is task fraught with the complexities. Given unpredictable nature of share market it needs solid experience and the strong research for making right decision. It boils down in end for making right move in right direction at right time. That is where expert comes in.

Benefits of Portfolio Management Service in India:

* Relationship Manager of investment portfolio management will ensure that one receives all services related to investment needs.

* A dedicated websites and customer service desk allows keeping tab on portfolio’s performance.

* Investment portfolio management in stock market tailored after thorough research backed through expertise.

* An experience team of the portfolio managers ensure portfolio is optimized tracked and monitored at all times.

* Personalized services also translate in zero paper works and all financial statement will be e-mailed

WHAT ARE DEPOSITORY AND PORTFOLIO MANAGEMENT SERVICES?

2010-09-18T02:16:00.003+05:30

People seem to get interested in investing into stock market. Buying and selling of
stocks is known as stock trading. When you trade, you will come to know that the
scope of trading is vast and more that what its definition says. In order to trade
effectively, it is very essential that you must understand what trading is and what
are the other terms associated with it.

People want to open a depository account but because of lack of information they do
not get information which procedure to follow. There are lots of services available
on the internet that provides the services such as depository and portfolio
management. Stock trading can only be done effectively if you are familiar with the
market trends, terms used in trading. However, without the help of a professional
service or brokerage, it will not be possible for you to get benefits and make profits.

You can find the information about these services on the internet. They help various
investor in making the profits and charge very less brokerage fees. One of such
companies is UNICON which is into existence for many years.

UNICON is one of the best financial services available in the market that has come
up as a best-suited company to help your business and investment plans. It was
founded in year 2004 and since then large number of masses engaged to this
company. This organization has its corporate office in Mumbai and other regional
offices in Chennai, Hyderabad, Noida and Kolkata.

It is a well known fact that the company has wide range of expertise and skills.
A team of professionals work on the management and other services such as
optimization, depository account, cost management, portfolio management and

many more, because of expertise and skills, it has become possible for them to gain
name in stock market.

The company has a base of more than 200,000 customers worldwide who are
gaining profits through this company. It is a well known fact that trading required
assistance in terms of various transactions. If the broker is not there, the chances of
maximizing profits are very less.

If you are confused about what depository is, we will try to explain. It is an agency
which is responsible for keeping all kinds of securities and makes them available
in the electronic form easily is known as depository. You can find agencies which
are providing these services and helping people. It also involves various banks and
institutes which make sure that the operations and smooth and uninterrupted.

On the internet, you can find various websites providing information and these
services. However, you must make sure that you choose the right kind of service.
In order to gain profit, it is recommended to do prior research as this will help you
make most from your investment. You must ask lots of question before selecting any
company.

investment banks are there to finance government and corporations

2010-09-18T02:02:00.002+05:30

With the initiation of sophisticated technology and the internet world, the entire meaning of
business has gone under severe change for surviving in the competitive world. In this period the
web offers enormous opportunity to business houses of all size for developing and expanding
their present infrastructure to vast facet. The investors all over the world know how to employ
their selves in online share trading from each corner of the world by internet.

Companies frequently trade their shares to collect investment for their business houses. The
investor who purchases the shares of a company becomes the co-owner of that company and
is entitled to get dividend that is distributed between all the share holders or co owners of the
company. Companies offer different shares like Ordinary shares, Preference shares, Cumulative
preference shares and Redeemable shares. The investors who want to make a online share
portfolio opt to invest the stocks and shares owned by them in either Mini or Maxi ISA and
they also have to follow the different rules There are rules as related with investing stocks and
shares in either Maxi or Mini ISA So all interested investors of making online share portfolio can
register with any site of your choice, and I should say that all these services are free.

On the other hand Investment Banking is a financial organization that provides financial help to
corporate houses and government in raising funds through underwriting and performing as the
active agent in issuing securities. Investment banks also assist the company involved in merger
and acquisition. It also provides additional services to its customers like trading and market
making for the derivatives, commodity, foreign exchange, equity securities and fixed income
instruments.

Investment banks don’t take deposits like the retail banks and commercial banks. They only deal
in investment banking services in a country or in different countries also. A consultant who is
associated with investment banking has be a approved broker-dealer who can give investment
banking services to its clients. This consultant is bound to be related with the banks that both buy
and sell investment instruments and the Securities Exchange Commission regulation.

Investment banks have to research about the companies and analyze the buy-sell
recommendation regarding these companies' financial position. These investment banks may be
involved with Investment management, Global transactions, Commercial banking and Merchant
banking.

International investment banking is nowadays a extremely big industry with new gains that is
nearly 22% in a year. During the recession the developing countries like India and china came as
new big economies of the world with good growth.

Unicon Offers All-Important Information on How to Become Sub Broker

2010-09-18T02:00:00.001+05:30

2010 – Investments in the capital markets have gained
momentum in recent years due to growing awareness among people about the earning
potential of this investment option. Cashing in on this opportunity, many stock broking
companies have already setup their offices/ franchisees to cater to the mounting
investment needs of the stock investors.

However, most investors, opt for stock brokers with proven track record and ability to
handle diverse investment needs and portfolios. Unicon Investment Solutions offers its
prowess in proving end to end Investment Solutions for the entire spectrum of customers.

With several years of experience in stock broking, investment banking and portfolio
management, the Company is offering world-class investment solutions to its esteemed
investor community.

Unicon has one of the most spreadout Sub- Broker network in the country with over
800 franchise outlets. We offer our services to all the deserving entrepreneurs and also
handhold them and impart knowledge on how to become a good sub broker.

Since it’s inception in 2004, Unicon has been enhancing it’s technology which is a major
enabler to reach out to the last investor in the financial markets. Stock broking services
have become highly affordable & accessible for a common man in the past few years.

With 4500 Uniconians and 900 business offices spanning across 235 cities in India,
Unicon has one of the best talent pool’s in the financial services space & it speaks
volumes of its managerial acumen.

Before answering the question ‘how to become sub broker,’ let’s first Understand “who
is a sub broker”?

A sub broker is an agent of the member broker and is permitted to release confirmation
memorandums to his clients for their dealings executed by him through the chief member
broker to whom he is affiliated. An individual, a company or a partnership firm can
become a sub broker. The minimum age limit for individuals or partners/directors of
companies/firms will be 21. Similarly, all the aspiring persons should be matriculate
or have 10 + 2 years qualification at the least. They should not be declared insolvent or
bankrupt. Sub brokers should have at least 2 years of experience in the role a partner or
certified clerk or apprentice with a member broker of the Exchange or in other related
fields in capital market.

Once a sub-broker obtains certificate of registration from Securities and Exchange Board
of India (SEBI), he can commence business as a sub broker.

For Individuals who want to know how to become a sub broker of Unicon we would
be more than keen to help you. In the recent years sub-broking has emerged as a major
career option. There is a huge potential to earn handsome amounts through brokerage or
commissions.

Summary of Demat Account, Equity Market and Equity Trading

2010-09-14T02:07:00.002+05:30

What is Equity?

Equity is financial instrument by which company invites the public to invest their money

in the company and investor can become a partner of the company. Generally, when the

company have insufficient money to expand its business it comes with equity shares.

What is Equity Market?

The market in which shares are issued and traded, either through exchanges or over-

the-counter markets. Also known as the stock market, it is one of the most vital area

of a market economy because it gives companies access to capital and investors a

slice of ownership in a company with the potential to realize gains based on its future

performance.

This market can be split into two main sectors: the primary and secondary market

The primary market is where new issues are first offered. Any subsequent trading takes

place in the secondary market.

What is Equity Trading?

Equity trading is the buying and selling of company stock shares. Shares in large

publicly-traded companies are bought and sold through one of the major stock

exchanges, which serve as auctions managed for trades. Stock shares in smaller public

companies are bought and sold in over-the-counter market.

Equity trading can be performed by the owner of the shares, or by an agent authorized

to buy and sell on behalf of the share's owner. Proprietary trading or principal trading

is buying and selling for the trader's own profit or loss. In this case, the principal is the

owner of the shares. Agency trading is buying and selling by an agent, usually a stock

broker, on behalf of a client. Agents are paid a commission for performing the trade.

What is Demat account?

Demat refers to a dematerialised account.

Though the company is under obligation to offer the securities in both physical and

demat mode, you have the choice to receive the securities in either mode.

If you wish to have securities in demat mode, you need to indicate the name of the

depository and also of the depository participant with whom you have depository account

in your application.

It is, however desirable that you hold securities in demat form as physical securities

carry the risk of being fake, forged or stolen.

Equity Market and Equity Trading

2010-09-14T02:01:00.001+05:30

Refined Copper prices in Aug traded higher on reports of falling concentrate
production and an expected drop in refined metal production due to a very
low TC/RC margins for smelters. Also supporting coppers gains were falling
stocks at LME and Shanghai and a consequent tightening of the cash to 3 month
spread. The July-Aug period seasonally is a lean phase in terms of demand and
copper price usually trades steady, but the supply constraint this year is lending
support to prices. As we move towards a higher demand season we see factors
turning favorable copper and is likely to hold in the trading range of $7300 (Rs.
345) to $8000 (Rs. 375) this month. However, for gains above $8000, copper
will need a lot more positive macro-economic developments and news flows

Refined Zinc prices has been trending higher on shrinking supply surplus,
upswing in demand growth from China and on the fast paced measures from
Chinese authorities to fully utilize the stimulus money by end of the year. The
sub par data on U.S home sales, however could keep a check on prices but this
scenario could reverse given the rise in prices as observed from Case-Schiller
home price index. Putting these factors together we expect current uptrend
in zinc to continue till $2300 (Rs. 107.5) and $2400 (Rs. 112) while support
at $2040 (RS. 97) is held. For zinc prices to trend above $2400 which is a
long term trend line resistance, market may need lot more positive triggers

Refined lead prices are expected to trade firm till $2300 (Rs. 108) for
this month, but crossing through that will be a tough task given the supply
overhang. Support could be derived from strength in other base metal price,
the galloping year on year rate of increase in demand for original equipment
lead acid batteries and an expected seasonal rise in demand for replacement
batteries. We think these factors will keep the lead supported at $2040 (Rs. 96.7)

Pls refer to Disclaimer @ www.uniconindia.in

The Growth of Stock Broking Companies Lures More Retail Investors

2010-09-08T02:17:00.002+05:30

The booming stock markets and growing retail investors in equity and share trading
business help Indian stock broking companies to expand their network into more
cities and towns to lure investors into their folds. Experts say the broking business
will continue to grow in future because of the changing economy and the high-quality
performance by the Indian corporate sector. With the entrance of a number of corporate
sectors, no doubt the industry has achieved size and scale.

Many retail investors are also entering new fields of activity such as commodity broking,
mutual fund products and insurance schemes. It has been witnessed in last 6 to 7 years
that the expansion of stock broking companies hit the IPO market to raise funds and
guard the fall of stock broking industry. Many public sector banks are also entering into
this business. While IDBI capital markets, the broking arm of IDBI, is diversifying into
retail broking business, many current players including Kotak Securities, Anagram and
ICICI Direct corner, Motilal Oswal, and Karvy have acquired one fourth of the total
equity market turnover.

India has two big stock exchanges named Bombay Stock Exchange (BSE) and National
Stock Exchange (NSE) and few small exchanges where shares and equities are traded. An
investor can trade stocks in any of the stock exchanges in India, but all the stock brokers
trade online only in BSE and NSE. They are registered member of the stock exchange
and can register a client to one or more stock exchanges. They take commissions
(brokerages) for their service that vary from broker to broker. An investor has to take the
help of a stock broker to trade stocks because they only can directly buy and sell shares in
Stock Market.

According to a statistical survey, only about 1.1 to 2 per cent of the family income is
routed into the stock markets while the stock markets have been rising by 47 per cent
every year. But Information technology (Stock Market Software) with online stock
trading has minimized the gap by solving problems like location constraints, busy phone
lines, miscommunication etc. of traditional stock trading system. The online trading
is pulling NRI shares due to no manual intervention from stock broker and internet
based stock trading facility across the world. The servers of the online trading portal
are connected to the stock exchanges and selected banks all round the clock. They also
provide updates on the trading and an investor can check the current status of their orders
either through e-mail or the interface used. The only thing to do by the investor is to
register with an online trading portal and get in to an agreement.

Banco Products (I) Ltd - Q1FY11 Result Update

2010-09-01T11:04:00.002+05:30

Company background

Banco Products (I) Ltd (BPIL) is one of the leading auto ancillary companies. It manufactures sealing products (gaskets) and heat exchangers (radiators, intercoolers, oil coolers, etc). The company has strong client-base such as M&M, Maruti, Tata Motors, Indian Railways, Ashok Leyland, etc.

Result Highlights

Ø BPIL reported a 30% YoY increase in standalone operating income to INR 1,133mn in Q1FY11.

Ø Standalone EBITDA margin during the quarter increased 20bps to 25.4% however, net margin declined 160bps to 16.9%.

Ø BPIL has recently made an acquisition (NRF) which has good brand name for its product range of marine heat exchangers and oil coolers in Europe.

Valuation

At the CMP of INR 107, the stock trades at a PE multiple of 7x as per our FY11 earnings estimate. We expect BPIL is available at very attractive price considering its strong client base and the acquisition of NRF. Assigning the target PE multiple of 9.4x for FY11, the stock offers the target price of INR 145 with potential upside of 35% from current level. We recommend our investors to Buy this stock for 12 months investment horizon.

Basics forms of equity

2010-09-01T01:19:00.001+05:30

Equity in its simplest form is ownership in a company. This could have three basic forms:

•Common Shares/Stocks
•Preferred Stocks
•Stock Warrants

If you own equity in a company, you own a share in the income of that company. An equity
owner receives his share of income from the company’s income, in the form of dividends, only
after all the debt obligations and preferred stock dividend have been cleared. The price of the
equity which is commonly called share price reflects the earning potential, projected growth
rate, financial risk and operating risk of the firm and general economic conditions in which the
firm operates.

A firm issues its share in the primary market to raise funds for capital expenditure. These shares
then can be traded in the secondary market, commonly called stock market or share market.

The price of equity in the stock market is determined by the forces of demand and supply. The
price of equity is projected and analyzed with the help of various technical and fundamental
analyses. If the projected price is less than the market price we can say that the stock is
overvalued and vice versa.

A share can only be traded in stock market only if it is listed on a stock exchange. A stock
exchange is an entity which facilitates brokers and traders to trade stocks. A broker is a regulated
and registered member of the stock exchange which buys and sells securities on behalf of the
traders and investors. Equity is a subset of securities. Securities are tradable instruments having
some financial value. It can include both debt and derivative instruments. Every trade must be
routed through a broker.

To start trading an investor or a trader must have a dematerialized account, commonly called
demat account and a trading account. A demat account is a depository account to store the shares
in the electronic form instead of the bulky certificates. A trading account is an account where the
investor deposits some money in the form of cash or shares against which the investor wishes to
buy the shares. An investor can either buy the shares by paying the full amount, cash segment, or
by taking some leverage from the broker, margin segment.

Trading can be done by calling the broker, offline mode, or through internet with the help of a
trading terminal provided by the broker, online mode.

Portfolio Management in India Presents a Holistic view of the Overall Earning Device

2010-09-01T01:16:00.001+05:30

Economic liberalization and rapid changes in the global economic scenario bring
forth a unique management instrument. The entry of private and foreign financial
companies and abolition of CCI has given rise to competition and market orientation
in the capital markets. Due to increase in the number of high net worth investors, the
role of an investment consultant who can skillfully understand economic and corporate
developments in accordance with the goal of the investor is likely to become fully grown.
Apart from this, the emergence of internet trading has significantly changed existing
portfolio management models.

Portfolio Management in India is direct to impart a strong theoretical underpinning
in investment services and portfolio management. It guides individual to be capable of
investing funds in financial industry operating in a globalized environment. Portfolio
Management focuses on capital fortification and a constant return. The jeopardized
strategic investments should always be poised with more conventional investments.
While carrying out investment, various investment mixes must be scrutinized to avoid
unwanted economic loss and maximize value of investments. The recent development
is such that more people have been inclined towards investment in mutual funds and
equities. But the middle class people in India have not been aware of such investment.
They think it as a gamble full of risks and so invest their money in fixed deposits,
securities held in depository accounts and other savings accounts, though they yield
very low. They require adequate knowledge of how to minimize this risk while yielding
high return. Once they have this information, they can easily decide what they need to
do in order to achieve their goal. This can be done more easily by consulting a financial
planner.

Portfolio management India has offered people with corers rather than lakhs or
thousands to invest which has crossed the line of Rs. 25,000 corer in assets. It has been
possible only because of the portfolio management programmes and it is understandable
that the success of any business entity depends on the process of delivering value and
satisfaction to the end customers. In the investment services, the portfolio management
has categorically reduced the number of superfluous investments and makes it easier to
be left with more money in your pockets. An effective and result oriented management
service can trim down overall expenditures by 20 percent; this strategy can surely aid the
middle class people to become more risk friendly in India and abroad. Broadly speaking,
portfolio management system has established that none of the investment services are
sustaining loss as before.

Company Report | Q1FY11 Result Update

2010-08-31T22:47:00.000+05:30

Outlook/Commentary for Crude oil for the coming month

2010-08-30T12:57:00.000+05:30

Key events that influenced price movements:

1. The Conference Board Leading Economic Index for U.S. increased 0.1 percent in July to 109.8, following a 0.3 Percent decline in June, and a 0.5 percent increase in May.

2.US FOMC in its interest meet reported U.S growth will be more modest than expected and said it will keep interest

rate lower for prolonged period.

3.Macro economic data from U.S throw up series of disappointing numbers raising growth concerns.

4.US vehicle sales aggregated to 10,45,092 units in July, up 5% year on year.

China

’s passenger car sales in July increased 15.4% year on year to 822,300 units. Total auto sales were up 17%

year on year to 1.06 million units in July.

6.U.S Refiners boost production thus pushing demand for oil before the long maintenance period but end use lags as

products pile up.

7.Lack of hurricane related disruption.

8.Chinese crude oil imports drops 15% on month in July.

9.China

ordered more than 2000 steel, cement and other energy-intensive factories be shut down by the end of

September.

New crude oil storage facilities come up for usage in

China

Outlook :

We Recommend Crude to move in Range of 72$ - 79$ for the month.

Pls refer to Disclaimer @ www.uniconindia.in

Consolidated Construction Consortium Ltd - Q1FY11 Result Update

2010-08-30T12:54:00.000+05:30

Consolidated Construction Consortium Ltd - Q1FY11 Result Update

Result Highlight – Below Unicon’s expectation

Ø Revenue of INR 5,080Mn was higher by 23% on YoY basis (against our expectation of INR 5,268Mn). While operating profit at INR 411Mn was higher by 36% on YoY basis, company disappointed on margin front.

Ø The operating profit margins for the quarter under review were 8.1% against our estimate of 9.7%. This was owing to higher operating cost and staff cost, +33% and +30% respectively on YoY basis. Selling and distribution cost rose to INR 346.9Mn compared to INR 272Mn during same quarter last year, rise of 27% on yearly basis.

Ø Higher depreciation cost at INR 28.67Mn (+33% YoY) and interest cost at INR 105.5Mn (+191% YoY) dragged the net profit margin. The higher interest out go was due to higher working capital requirements.

Ø Consequently, Profit after tax at INR 188Mn, was marginally higher by 6% on yearly basis whereas the net profit margin stood at 3.7% compared to 4.3% during same period last year, marginally down by 59bps.

Order-book and Other Updates

During Q1FY11, company bagged several orders worth INR 17,056.9Mn which includes the construction of Goa Airport, Elevated stations for Chennai Metro and Power Plants. The current order-book of the company stands at INR 45,269.4Mn. The current order-book is 2.3x its FY10 revenue. Of the total order-book, ~53% is in Infrastructure segment, and remaining 47% is into realty segment catering to the need of residential (~3%), commercial (35%) and Industrial (9%). The average execution cycle of the current orderbook is about 18-20 months.

CCCL has formed a JV with Edac Energy for execution of power project order from Meenakshi group and also formed a subsidiary namely CCCL Power Infrastructure Services to cater to future BoP (Balance of Plants) projects.

Valuation

At the CMP of INR 83/share, CCCL trades at 10.6x its FY12e consensus earning per share of INR 7.8. Maintain Hold for lower price objective of INR 90/-. Key trigger for stock would be higher order-inflow and ramp up in projects execution.

Emami Ltd - Q1FY11 Result Update

2010-08-30T12:45:00.000+05:30

Result Highlights

Emami Ltd posted revenue growth of 28% Y-o-Y to INR 2419.50 mn backed by a 25% volume growth.

The operating profit for the quarter was INR 658.50 mn, up 13% on a Y-o-Y basis.

PAT at INR 352.50 mn witnessed a growth of 127% as compared to the same quarter in the previous year.

Valuation

At the CMP of INR 438, the stock trades at ~17x its TTM EPS. Considering the strong growth in FMCG sector and the company’s expansion plans We recommend to ACCUMULATE the stock for a price objective of INR 505.

Seek the Expertise of Unicon India for Customized Portfolio Management Service

2010-08-28T01:52:00.001+05:30

The growing complications in the capital markets
make the task of an investor all the more difficult nowadays. There are many issues he
has to take care of single-handedly, for example conformations with statutory rules,
regulations, investment methodologies, outcomes, analysis, etc. There is also a need for
a constant tracking mechanism, in order to keep a close watch on the volatile market. So
it is high time investors hired an expert who can manage all these vital issues effortlessly.

Established in 2004 by proactive and visionary entrepreneurs, Unicon Investment
Solutions can prove to be your ultimate investment guide that you can trust with great
amount of confidence. Whether you want effective portfolio management service or
investment banking solution, Unicon can exceed your expectations using its world-
class proprietary model, state-of-the-art analytical tools and sure-fire methodologies.

Every investor dreams to have a high-performing portfolio. An investment portfolio can
be prepared in a variety of ways to accomplish the eventual objective of upholding and
generating wealth. Indian financial markets are complicated and multifaceted enough that
money can be earned in any kind of investment environment. The foremost challenge
in making a profitable investment portfolio is being aware of precisely what to do
and when. Here, you can avail the portfolio management service of Unicon who can
recommend you on how to distribute your money, taking your financial objectives and
risk-taking ability into account.

The Company offers Discretionary Portfolio Management Schemes like Unicon
Optimizer and Unicon Growth for its diversified clients in the form of individuals,
corporate bodies, partnership firms, proprietors and NRIs. Already Registered with SEBI
to carry out its portfolio management activities under a license, Unicon boasts a team
of highly qualified and experienced portfolio managers and equity strategists who have
also the support of a group of fundamental, technical and derivative analysts. All these
professionals work round the clock using sophisticated tools and models and offer you
a custom-made portfolio that includes a thoughtful mix of equity, quazi-equity, money
market instruments and derivative products.

Unicon portfolio management service also includes strict risk management, professional
fund management, dedicated relationship manager, regular reviews and rebalancing and
timely performance reporting. A portfolio manager at Unicon has this to say, “We give
equal importance to client servicing and feedback in addition to making a fool-proof
investment evaluation strategy. Our elite group of advisors is well-versed and trained
on a wide array of wealth products to provide you a satisfying wealth experience.”

Unicon with more than 900 business offices and 4500 professionals across India is the
pioneer in the field of portfolio management service and other investment solutions.

Unicon Offers All-Important Information on How to Become Sub Broker

2010-08-28T01:22:00.000+05:30

Stock investment has gained momentum in recent
years due to growing awareness among people about the potentiality of this investment
option. Cashing in on this opportunity, many stock broking companies have already setup
their offices to cater to the needs of the mounting stock investors. A lot of others are in
the pipeline. However, most investors, particularly novice ones, opt for stock brokers
with proven track record like Unicon Investment Solutions. With years of experience in
stock broking, investment banking and portfolio management, the Company is offering
world-class investment solutions to its esteemed investor community. It is also imparting
knowledge on how to become sub broker for the benefit of aspirants who seek to take it
up as a career option.

Starting its operations in 2004, Unicon has been employing sophisticated technology
to reach out to each and every investor in the financial markets like NSE, BSE, and
other derivative markets and making stock broking services highly affordable for a
common man. Its 4500 employees and 900 business offices spanning across 235 cities
in India speak volumes of its managerial acumen and progress. There are many expert
brokers and sub brokers in its wings who are helping investors to multiply their ROI.

Before answering the question ‘how to become sub broker,’ let’s first know who is a
sub broker. A sub broker is an agent of the member broker and is permitted to release
confirmation memorandums to his clients for their dealings executed by him through the
chief member broker to whom he is affiliated. An individual, a company or a partnership
firm can become a sub broker. The minimum age limit for individuals or partners/
directors of companies/firms will be 21. Similarly, all the aspiring persons should be
matriculates or have 10 + 2 years qualification at the least. They should not be declared
insolvent or bankrupt. Sub brokers should have at least 2 years of experience in the role a
partner or certified clerk or apprentice with a member broker of the Exchange or in other
related fields in capital market.

Once a sub-broker obtains certificate of registration from Securities and Exchange Board
of India (SEBI), he can commence business as a sub broker. Individuals who want
to know how to become a sub broker should take the help of Unicon as its member
brokers can guide you through the whole process. Sub brokers generally earn handsome
amounts through brokerage or commission.

UNICON Proffers Apt Investment Services to Its Clients Worldwide

2010-08-24T01:53:00.001+05:30

In these times, when the economy is recovering from a
crisis, folks are on the lookout for an apt Depository and Investment Services provider firm,
which will cater to their unique and personalized needs. Depository proffers a protected
and suitable method to embrace securities in contrast to holding securities in paper form.

In this context, the assistance of an apt investment consulting service provider proffers an
incorporated solitary proposal making sure a safe, well organized and timely depository
procedure. When it comes to the most appropriate financial services company in India,
undoubtedly UNICON is a name which stands out in the crowd. It is an investment solution
provider, which has come out as a one stop destination for all your financial related queries and
dilemmas.

Since it conception in 2004 it has continually been proffering high quality financial solutions to
many clients worldwide. UNICON is a firm which extends resourceful services in the context
of Portfolio Management in India. It is headquartered in the national capital New Delhi and has
its corporate office in Mumbai with regional offices in Kolkata, Chennai, Hyderabad and Noida.

The one stop destination ‘UNICON’ has earned an unbeatable reputation in the financial industry
and is looking forward to escalating its esteem. The customer base of UNICON is over 200,000,
which tell tales all about the quality of work proffered by them. UNICON Group has a keen eye
for the complex financial requirements of its customers and caters equally to their short term and
long term fiscal needs through a wide ranging bunch of investment services. When it comes
to depository services, UNICON proffers excellent services such as se-materialization, re-
materialization, transfer, IPO and apt corporate actions.

“We at UNICON are always dedicated and devoted to proffer you with nothing less than
the very best in financial solutions and investment services at the most reasonable prices.
Our mission at UNICON is to create long term value by empowering individual investors
through superior financial services supported by culture based on highest level of teamwork,
efficiency and integrity. We have always envisioned to provide the most useful and ethical
Investment Solutions - guided by values driven approach to growth, client service and employee
development. Our services range from offline & online trading in equity, commodities and
currency derivatives to debt markets to corporate finance and portfolio management in
India.” Says (Name), an UNICON spokesperson.

Tata Motors - Q1FY11 Result Update

2010-08-23T16:53:00.002+05:30

Ø Tata Motors Ltd (TML) reported a 64% YoY increase in consolidated operating income to INR 270.6 billion. It was however down 7% sequentially.

Ø Consolidated EBITDA margins improved 850 basis points (bps) on an annual basis and 330 bps sequentially.

Ø Consolidated net profit came at INR 19.8 billion much higher than expectations. This was in comparison to a loss of 3.3 billion last year.

Valuation & Outlook

At the CMP of INR 1015 the stock trades at ~11x FY11e EPS. The stock looks reasonably priced at this juncture and we would recommend investors to accumulate the stock with a price target of INR 1,120. (10x FY12e)

Greaves Cotton Ltd – Q4FY10 Result Update

2010-08-21T12:42:00.000+05:30

Greaves Cotton Ltd – Q4FY10 Result Update (Year ending Jun)

Result Highlight

Ø For Q4FY10 Greaves Cotton Ltd (GCL) revenue grew by 45% on yearly basis to INR 3,477Mn. Judicious product mix and cost management (as a % of sales) led to operating profit margin expansion by 249bps. With operating profit margin at 13.1%, the EBITDA stood at INR 454Mn for the quarter under review, higher by 79% on YoY.

Ø Moderate rise in depreciation (INR 68Mn, +7% YoY), lower interest out go (INR 27Mn, -39% YoY) and higher other income at INR 38Mn (+28% YoY) led to rise in net profit to INR 278Mn, up 110% on YoY.

Ø Net profit margin at 8%, corollary to better cost management and lower interest out go led to margin improvement by 245bps

Outlook and Valuations

With robust growth already witnessed in Auto sector, buoyancy whereof is expected to continue going forward, augurs well for the future prospects of the company for a) strong working capital management, b) optimum product mix and c) least dependency on borrowed fund. GCL has accordingly firmed up plan to build an automotive engine manufacturing plant in Aurangabad for ~INR 1bn, to meet growing demand for such engines. For FY10 consolidated earning per share of INR 24, GCL trades at 15.9x and ~14x our back of the envelop calculation for FY11e. Accumulate for price objective of INR 430/- over next 9-12 months.

Morning Note

2010-08-19T12:18:00.001+05:30

Equity Market Outlook
Sensex (+1.15%), Nifty (+1.20%) ended positive. BSE midcap was up 0.85% and Smallcap was up 0.70%.
Hindalco (+5.26%), Sun Pharma (+4.19%), HCL Tech (+3.81%), Ranbaxy (+3.77%), Tata Motors (+3.39%) were the main
Nifty gainers, while Suzlon (-3.32%), Idea (-1.55%), HDFC (-1.27%), Rcom (-1.20%), Siemens (-1.12%) were the losers.
Among the BSE sectoral indices, IT (+1.96%), FMCG (+1.45%), Metal (+1.43%), Teck (+1.34%), Auto (+1.27%), Bankex
(+1.16%) ended positive, while CD (-0.20%) ended negative.
NSE cash turnover was Rs 15889 cr. FIIs were net buyers of Rs 674 cr and DIIs were net sellers of Rs 113 cr.
US markets closed flattish. Asia is also trading flattish and so is SGX Nifty. The domestic market saw a smart rally helped
by pharma, IT and banks. Idea, Unitech and ABB will be out of Nifty from Oct 1st and will be replaced by Bajaj Auto, Dr
Reddys and Sesa Goa. Railways is likely to soon introduce the anti-collision device. Kernex Micro is one of the suppliers of
the same and thus could see upsides from a short term perspective as the overall order size is indicated to the tune of Rs 2000
cr. BHEL may lose preferred vendor status and thus may see marginal negative reactions. China Huaneng group is reported to
be in talks to buy 50 percent stake in Intergen from GMR Infra.

Technical Market Outlook

Nifty gained 65 points and closed with greeen candle stick at 5479. Technically Nifty on daily chart has formed bullish
candle stick which indicates buyers are more aggressive in this session. Nifty spot opened low at 5416, made high at 5488 and
finally closed positive at 5479 levels. So Nifty seems to be sideways to positive on daily and weekly chart facing strong
resistance at 5500, if Nifty trades above 5500, next intraday resistance at 5525-5550 and supports at 5445-5465 range. For
short term trading long positions, stop loss of 5425 is advisable. Bank Nifty has resistance 10965-11035-11140 and supports
at 10800-10690-10620.

Advisory Calls

Marathon Calls:
Large Caps - Tata Steel, L&T and ONGC, BHEL, Ultratech, TCS, Reliance Infra; Mid Caps - Patel
Engineering, Welspun Corporation, Bartronics, Den Network, Shree Cement, Patni Comp, 3iinfotech,
Aurobindo Pharma, Mphasis, Unity Infra; UTV: Buy for a potential target of 530. Deepak Fertilisers
Technical Call:
BUY ICICI BANK CMP 967.90 SL 950 TGT 1025
BUY JSW STEEL CMP 1127.05 SL 1100 TGT 1175-1200.
BUY TCS CMP 871.10 SL 850 TGT 900-920
HOTS Call:
Buy Everonn Systems with SL 580 TGT 650-670

Derivative Market Outlook

Derivative turnover was Rs 105674 cr. Nifty Index PCR was 1.26.
FIIs were net buyers of Index futures of Rs 517 cr and net buyers of stock futures of Rs 194 cr.
FnO Gainers – Moserbaer, Chambal Fert, Apollotyre, Hindalco, Nagar Fert, KFA, Auropharma, Ind Hotel.
FnO Losers – Suzlon, Orient Bank, Tulip, National Aluminium, Ibreal Estate, Aban.
OI Gainers – Chambal Fert, ONGC, HDFC Bank, LIC Housing, Hindalco
OI Losers – Uco Bank, Dena Bank, Hindpetro, SBI, Vijaya Bank.
Stockwatch – Apollo Tyre, GMR, Chambal

Gain excellence in managing your investment portfolio yoursel

2010-08-18T02:03:00.002+05:30

Portfolios are prepared for all the securities, and investment that an investor holds. Huge
investors frequently employ experts to handle their portfolios, but for tiny investors
this becomes a slight expensive. Still, you don’t have offset as you can manage your
investments yourself. Portfolio management service is provided by different companies
all over the globe. They have plans for different investors that help them in managing all
their investments.

But if you want to manage your small investments then you can yourself manage them
by following the three keys (a) proper planning, (b) effective implementation, and, (c)
control

By proper planning I mean before investing you should think about the objectives
and target of your investment. By this you will get a clear set of requirements for you
and it would be easy for you to select the one that best meets your requirements. Your
Investment objectives should not be restricted to how much profit can make from it, but
the time and liquidity issue and the quantity of risk you can bear should also be given
importance. Your knowledge about the market should be always up to date to pick the
most sensible securities for your portfolio. As the income that you get is different from
the expected risks and returns. Therefore the whole portfolio planning and security
assortment procedure must take into account the uncertainty factor.

After you selected your securities the time for implementing the investment strategy
comes where you should obey the rule of diversification. As investment involves a great
amount of risk so diversification is very important to cope with the unknown factors.
Finally you have to check your portfolio on its feat and market circumstances and go
for continuous changes when ever required. Experience means a lot to this task so you
should decide to make small investments initially and increase the amount as you grow
experience and save portfolio management service cost.

On the contrary investment banking is related with government and corporate financing.
As these sectors require large amount of finance for their huge projects so the
investment banks raise funds for them. The financial institutions that are involved in
investment banking raise funds by selling mutual funds, pension plans, insurance, etc.
This banking is some how different from retail banking where people create an account
by giving a fixed deposit to the bank and get services like online banking, ATM services,
personal loans and get interest on the amount they deposit in their accounts.

investment banks are there to finance government and corporations

2010-08-18T01:58:00.000+05:30

Unicon Offers All-Important Information on How to Become Sub Broker

2010-08-18T01:55:00.000+05:30

Investments in the capital markets have gained
momentum in recent years due to growing awareness among people about the earning
potential of this investment option. Cashing in on this opportunity, many stock broking
companies have already setup their offices/ franchisees to cater to the mounting
investment needs of the stock investors.

However, most investors, opt for stock brokers with proven track record and ability to
handle diverse investment needs and portfolios. Unicon Investment Solutions offers its
prowess in proving end to end Investment Solutions for the entire spectrum of customers.

With several years of experience in stock broking, investment banking and portfolio
management, the Company is offering world-class investment solutions to its esteemed
investor community.

Unicon has one of the most spreadout Sub- Broker network in the country with over
800 franchise outlets. We offer our services to all the deserving entrepreneurs and also
handhold them and impart knowledge on how to become a good sub broker.

Since it’s inception in 2004, Unicon has been enhancing it’s technology which is a major
enabler to reach out to the last investor in the financial markets. Stock broking services
have become highly affordable & accessible for a common man in the past few years.

With 4500 Uniconians and 900 business offices spanning across 235 cities in India,
Unicon has one of the best talent pool’s in the financial services space & it speaks
volumes of its managerial acumen.

Before answering the question ‘how to become sub broker,’ let’s first Understand “who
is a sub broker”?

A sub broker is an agent of the member broker and is permitted to release confirmation
memorandums to his clients for their dealings executed by him through the chief member
broker to whom he is affiliated. An individual, a company or a partnership firm can
become a sub broker. The minimum age limit for individuals or partners/directors of
companies/firms will be 21. Similarly, all the aspiring persons should be matriculate
or have 10 + 2 years qualification at the least. They should not be declared insolvent or
bankrupt. Sub brokers should have at least 2 years of experience in the role a partner or
certified clerk or apprentice with a member broker of the Exchange or in other related
fields in capital market.

Once a sub-broker obtains certificate of registration from Securities and Exchange Board
of India (SEBI), he can commence business as a sub broker.

For Individuals who want to know how to become a sub broker of Unicon we would
be more than keen to help you. In the recent years sub-broking has emerged as a major
career option. There is a huge potential to earn handsome amounts through brokerage or
commissions.

Unicon-News-CNBCAwaaz 10Aug10

2010-08-13T22:42:00.000+05:30

Unicon-News-Awaaz 07Aug10

2010-08-12T01:46:00.000+05:30

Unicon-News-ProfitNDTV-06Aug10

2010-08-12T01:43:00.000+05:30

Unicon-News-BloombergUTVi 06Aug10

2010-08-12T01:25:00.000+05:30

Unicon India Unicon-News-CNBCAwaaz-8.00pm-09Aug10

2010-08-11T22:33:00.002+05:30

Unicon News-BloombergUTVI-10.30am-09Aug10

2010-08-11T22:30:00.000+05:30

Unicon-News-BloombergUTVI-2.00pm-09Aug10

2010-08-11T22:27:00.000+05:30

Dainik Bhaskar

2010-08-11T19:56:00.000+05:30

Business Bhaskar

2010-08-11T19:49:00.002+05:30

REPORT PUBLISHED BY THE ECONOMIC TIMES

2010-08-10T20:00:00.000+05:30

Portfolio Management in India is Becoming a Multifaceted Player

2010-08-10T02:09:00.000+05:30

The commoditization of products and increasing global regulation has intended all
professionals and business leaders in the investment services industry to invest in
the right technologies to sustain growth, preserve margins and support observances.
Staffed by top industry analysts with their research on investment services,
Portfolio Management in India provides the vital insights to expand competitive
knowledgeableness. Advices from professionals with years of actual daily trading
experience benefit in a multi-dimensional way to achieve the financial goals that a person
visualizes for himself, his friends and his family. Their experience, research, judgment,
and skill to improve the financial aspects expose a basket full of physical commodity
financial markets. They can perform with passion and innovation in investment services.

The instability of inflation rate and lack of systematic analysis can be a risky factor with
respect to the investment owner as there is no control over loss of money. Investment
services involve different financial instruments such as pension fund, mutual fund, equity
and share, investment on property, commodity, stock, and bond, financial derivatives,
having a certain level of risk and giving returns in the long run.

The modern economic technology and trend has spawned depository body, that holds
securities (like shares, bonds, government securities, mutual fund etc.) in electronic
form on behalf of investors through a registered depository participant. A Depository
Participant (DP) is an agent of the depository through which it edges with the investor
and makes available investment services. Any Public financial institutions, nationalized
banks, foreign private banks functioning in India with the approval of the Reserve Bank
of India, state financial corporations, stock-brokers, clearing houses and NBFCs can be
registered as DP. As we get banking services through a branch like wise we can avail
depository services through a Depository Participant (DP). It is compulsory for every
investor to open a beneficial owner (BO) account to trade in the capital market in view of
the convenience of trading in dematerialised mode.

Depository is a safe and convenient place to hold securities that facilitates immediate
transfer without stamp duty and no paper work resulting reduction in transaction cost.
Every investor benefits from the investment planning given by portfolio management
to carry out transactions easily and also to utilize the depository service to settle them.
They aim to provide world class investing experience to investor community with their
sophisticated technology and methods that calculates an exact figure of future expectation
and goals. Their online trading tricks help the investors to invest confidently though
prevailing with high risk in capital markets.

Portfolio Management of IPR new era of patent

2010-08-10T02:08:00.000+05:30

commercialization and of Trademark, Patent, Copyright etc. It is necessary for a business
entity to make sure that the innovative ideas about technology, goodwill, name etc. that
it possesses are accordingly protected so that they can not be violated and used in ruining
the company’s name and goodwill.

Normally companies, universities, scientists, research groups, inventors, business
enterprises and the other bodies need to defend their issues related to IPR from being
copied. For creating R&D it is to be made sure whether the innovative ideas are authentic
and thereby need protection against bad using. So these types of innovations need to be
patented, protected, maintained and also rescued from any breaches while using them.
Not only the ideas but also the company’s name, goodwill, logo or trade mark should
also be exclusively owned by the company. These factors like logo and goodwill help the
company to build special stand for you with your competitors.

Portfolio management services India provides to the people, institutions the features
like Trade Mark Registration in India, Trademark Search in India ,the International Trade
Mark Registration ,International Trademark Search, , Registration of Service Marks,
Monitoring and scrutinizing Trademark , Registration of Logo and Brand , Infringement
of Trade Mark, Licensing of Trade Mark, , Patent requirement outline, liberty to function
Search, , National stage submission, Registration of Patent, Annuity Services relating
Patent, Licensing of Patent, , Registration of Design, Registration and preservation of
Copy Right etc..

On the other hand the companies for smooth going of there business and projects
need huge amount of fund, which they raise by selling some part of the shares of their
companies. They keep the major part of share with them and sellout the rest part to
the interested investors. Share and equity trading, these two terms are immersed with
investment terminology.

By equity trading we mean influencing people by assuring the good growth of the
company so that they don’t hesitate to invest their hard owned money in the company.
The share market of India is subjugated by online business and the shareholder comprise
of people of all class whether young or old. Computers and the Internet make doing these
investment task easy to just a mouse click. The online equity trading facilities save your
time as you don’t have to visit your broker, when you want to invest, rather your broker
helps you online in making your deal.

NRI Share Trading: Today’s Most Important Term in Investment Market

2010-08-10T02:07:00.000+05:30

Investors from all over the world are trying to advantages from the developing phase of
India. The consistent rising economy and the new high ups in Indian Stocks market and
Real Estate tempt others to trade in India. Among them the maximum numbers of people
are NRIs who are interested in investing here in India and also take the advantage that is
prevailing here.

Recently NRI share trading has taken hype in India, which we can realize by
reading to the recent statement of reforms of the investors by Indian government.
The reform says that “NRIs remittance and investment interest in India is boosting”

These NRIs want to cogitate and are ready to invest in India for various reasons. The
reason may be that they have necessity or because of the patriotism they have in them as
Indian and want to do something that can relate them to their loving country. For them
investing in India will serve them in two ways, one is giving them good return and the
other is to fulfill the desire of serving India and being a part in witnessing its growth.

The NRI share trading business is more active in investing in real estates in India. The
property market in the commercial hub of India, Mumbai and the other metropolitan
cities is appreciating the capital values by up to 40 to 50 percent. Value of some of the
places has been increased more than double. As these are the result of interest if NRI
investors in India.

The price of the commercial properties in the important areas are rising like fire as all
the new multi-national companies want to open there offices in the important places.
These companies prefer to take the property on lease than purchasing it that has boost up
the property rent in the market places. The lands in the areas near the main city are the
first choice for this purpose, due to the lack of sufficient places in the main areas of the
city. Most of the companies that had offices in the inner areas of the city prefer to shift
to a larger place for increasing the business, infrastructure, etc. This migration is also the
reason for the rise in property price.

The NRIs are trying to take advantage of all these aspects by investing in the property
business. They don’t involve them directly with this business and invest money in this
business through builders and property agents.

30 JULY UTV NEWS

2010-08-04T02:29:00.001+05:30

HCL TECHNOLOGIES LTD QUATERLY REPORT

2010-08-03T22:49:00.000+05:30

Role of portfolio management to manage any project

2010-08-01T02:10:00.000+05:30

Estimation of your probabilities of getting success in all of your existing projects seems
to be essential for determining the calculation of anticipated value of project and also
is an integral part of portfolio management. Also it is a fact that most of the project
manager apart from project management offices (PMO) are not as all involved in all these
activities. However they are capable of doing it in more shaped and better way in the same
manner as how the prediction of rain is done by meteorologists. Usually the term portfolio
management is used for existing projects and hence these are particularly termed as
project portfolio management.

If we want our project portfolio management to be very effective, then there are certain
rules and regulations that must be positively fulfilled by any project. Firstly, the project
that is undertaken should be allied with some strict strategies and their firm goals. Also
the project needs to be much consistent and reliable with the values of culture and firm.
Also your undertaken project must contribute to a flow of cash and that also in a positive
manner for the venture; however this contribution can either be in a direct manner or in
an indirect manner. Here must be an effective use of recourses of firm by which the project
has been undertaken. Also not only the present contribution is included for the betterment
of the health of firm but also should offer some assistance to establish that firm in a fixed
manner so as to attain success in the future.

The significant condition in any project portfolio management, there must be a proper
contribution of projects to the health of firm. When we particularly take the term “firm’s
health” into consideration, we directly or indirectly concerns with the fiscal stability of
any company. There is a particular article by Lynn Westergard whose title is “measuring
company health via cash flow ration”, it is simply concerned with the cash flow statements
as these are supposed to be an ideal indicator for health measurement. However, there may
be two most general categories of the ratios of cash flow. The first category comprised of
the ratios of that tests used for liquidity and solvency, cash flow operation, entire coverage
of the flow of fund, coverage of cash debits and cash interests where as the next category is
comprised of those ratios that are usually indicated for the viability of any business. Usually
two types of ratios are used in this category. The first one is CE where as second one is TD.

However it is important for any company or business firm to have its shares operated in a
dematerialized form. These shares of companies are available to be operated under both
the types of depository system of India. The two types of depository systems are CDSL
and NSDL. It depends on our wish that whether we want to manage all of our shareholdings
in an electronic way then there is only a need to sign up to depository participant which is abbreviated as DP. For this, you need to create an account with DP that will have aregistration either with CDSl or NSDL.

Etisalat deal may boost RCOM

2010-07-30T16:09:00.000+05:30

ET Now spoke to Gajendra Nagpal, CEO, Unicon Financial Solutions, on his views on the telecom stocks.

ET Now: What's your assessment of Reliance Communications?

Gajendra Nagpal: I do believe that at this time things are little different and Etisalat is fairly close to acquiring 26% stake in the company. We have been hearing about the commitment and if you go back to the time of MTN-Bharti deal, the government had come under a lot of criticism in the sense of not allowing free cross border acquisitions.

We had known that Indian companies were going out and wanted to acquire the companies abroad and wanted to enhance their visibility and global presence. I think at this time the government is far more liberal towards these companies.

I believe that Etisalat deal is going to go through this time and that is probably why the stock has been up by 2.5%-3%. This time the uptick looks more credible than in the recent past.

Large caps a safe bet

2010-07-30T16:08:00.002+05:30

ET Now: Given the near term weakness that we are seeing on the indices, what is that you are buying this morning, if at all?

Gajendra Nagpal: The kind of weakness that we saw over the weekend in the US markets led us to believe that there could be a pause in the rally, but the way SGX Nifty has been behaving, it seems that though the market opening could be on the lower side, significant fall is ruled out.

I do believe that in such circumstances, when the market is throwing up an uncertainty in the near terms, the safe haven could be the large cap stocks. I think when there are macro level challenges, when one is not sure as to how it is going to pan out, because there has been a talk of double dip depreciation happening again in the US, I think the safe haven could be the large cap stocks which have been doing well.

So in that sense I would want to bank upon stocks like L&T, State Bank of India and BHEL. I think these are stocks which have shown a credible performance over last few months and a few trading sessions and I think that they would continue to give you some kind of solace from the uncertain markets.

Commodity stocks may be weak in the near-term

2010-07-30T16:07:00.001+05:30

ET Now spoke to Gajendra Nagpal, CEO, Unicon Financial Solutions, on his views on the market.

ET Now: Do the banking and IT numbers give you confidence? Where will you find value in sugar and metals, or do you prefer private sector banks?

Gajendra Nagpal : As you rightly pointed out, the markets have been so efficient these days that whatever good or bad happens immediately the prices start reflecting the trend. We have been talking of Sesa Goa results today and results are likely to be good but at the time we have heard reports coming in from some of the big FII research outfits that they could underperform going forward.

So its very important for all the discerning investors to keep an eye on all the events that are happening around us. I think the results so far has been very good and we are very hopeful of the results of large cap stocks which would be obviously coming in over next few trading sessions but I do believe that from a medium to long term standpoint, Indian economy is offering you a great opportunity.

While I would not immediately be gung-ho about stocks like sugar and metal because of the news that came over the weekend from the US and also the fact that Chinese economy is slowing down. There could be challenges in the short term for the commodity space but then obviously it's a great opportunity for a country like ours where we are also growing at a fairly strong pace and these commodities are available to us at cheap valuations.

So there could be an advantage for certain domestic companies like L&T or BHEL, which are great consumers of these commodities. As regards banking space, a lot of money which was for 3G auction is going to come back to the economy sooner than later. So there will be lot of money available in the market for corporates so if the economy does well as we believe it will, I think banking stocks are likely to do as well or even better.

ONGC hits a month's low on poor Q1 show

2010-07-30T16:04:00.000+05:30

State-owned Oil and Natural Gas Corp (ONGC) today tanked nearly 2 per cent to a month's low before making amarginal recovery in the early trade, a day after it reported a 24.5 per cent decline in its net profit for the quarter ended June 30.

Disappointed by the results, shares of ONGC plunged 1.72 per cent to a month low of ` 1,221.10 on Bombay Stock Exchange. However, the scrip made marginal recovery of 0.62 per cent later in the morning at ` 1,228.80.

On National Stock Exchange, too, the scrip slid by 1.49 per cent, to trade at ` 1,227.95.

"The results of the company are not that great, so the investors are booking profits. Such negative reaction is normal after results, especially, when the recent upside in the stock was already trapped by the investors," Unicon Financial Solutions CEO Gajendra Nagpal said.

Meanwhile, the broader benchmark, Sensex, too, was trading weak at 17,931.76, down 0.33 per cent from previous
close, on the poor quarterly show by companies including ONGC.

Yesterday, the oil and gas major had reported a net profit at ` 3,661.14 crore for the quarter ended June 30, against ` 4,847.92 crore in the same period previous fiscal, after its fuel subsidy payout jumped nearly 12-folds.

ONGC had paid ` 5,515 crore in April-June quarter towards fuel subsidies as against ` 429 crore in the year-ago period.

ONGC hits a month's low on poor Q1 show

2010-07-30T16:03:00.000+05:30

ZEE BUSINESS News JULY 14

2010-07-30T05:00:00.000+05:30